5 best Russian stocks to buy for Q1 2024

Russian stocks were delisted from global exchanges following the war. With the future uncertain, this page picks four of the best Russian stocks to buy if rules change in the future.
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Updated: Nov 30, 2023
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The Russian invasion of Ukraine sent the country’s stock market and economy into a downward spiral. While buying Russian stocks from many countries is impossible, our experts have selected four companies to watch if regulations change. 

What are the top Russian stocks to buy?

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You can find our experts’ recommended best stocks in Russia in the table below. We’ve listed their names and ticker symbols, and you can click the buttons to be taken to the best broker to find out if any have been relisted.

#Stock symbolCompany nameTrade now
1GAZPGazprom
Trade GZPY

eToro offers real assets only, no CFD products. eToro USA LLC and eToro USA Securities Inc.; Investing involves risk, including loss of principal; Not a recommendation.

2LUKOYLukoil
Trade LUKOY

eToro offers real assets only, no CFD products. eToro USA LLC and eToro USA Securities Inc.; Investing involves risk, including loss of principal; Not a recommendation.

3YNDXYandex
Trade YNDX

eToro offers real assets only, no CFD products. eToro USA LLC and eToro USA Securities Inc.; Investing involves risk, including loss of principal; Not a recommendation.

4ROSNRosneft
Trade ROSN

eToro offers real assets only, no CFD products. eToro USA LLC and eToro USA Securities Inc.; Investing involves risk, including loss of principal; Not a recommendation.

List chosen by our team of analysts, updated February 2024.

1. Gazprom

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Gazprom is the largest natural gas supplier in the world, involved in various parts of the natural gas supply chain. The company plays a significant role in the global natural gas market, from exploration and production to transportation and distribution. As it sits on the largest natural gas reserves in the world, it is expected to continue being a significant player in the industry.

Gazprom is also Russia’s largest and best-known company. It is a state-controlled business and plays a strategic role in Russia’s economy, responsible for a significant portion of its export revenue. Due to its size and influence, Gazprom’s performance can significantly impact the Russian economy and the Russian stock market. 

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2. Lukoil

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Lukoil is Russia’s second-largest company and a significant global oil and gas industry player. It trades on the Moscow stock exchange and has several segments, including oil extraction, transportation, and petroleum and natural gas production. It is also involved in exploring and producing hydrocarbons in Russia and other countries.

It has a diverse portfolio of assets, including onshore and offshore fields, conventional and unconventional oil and gas reserves, and a large refining capacity. It also has a strong presence in the retail fuel market in Russia and other countries, with a network of filling stations. Lukoil’s position as one of the world’s largest publicly traded oil companies and its diverse business operations make it an attractive option for investors interested in the energy sector.

Sign up and buy LUKOY stock

76% of retail CFD accounts lose money. Your capital is at risk.

3. Yandex

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Yandex is a Russian technology company focusing on internet-related services and operates Russia’s second most popular search engine. While search is its primary business, it offers various services, including e-commerce, online advertising, and more. 

This makes it a diverse company with a large market cap, multiple revenue streams, and less reliant on a single service. Additionally, Yandex has a solid track record of innovation and has been expanding into new markets, making it a good option for long-term growth. It is also a component of the MOEX Russia index.

Sign up and buy YNDX stock

76% of retail CFD accounts lose money. Your capital is at risk.

4. Rosneft

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Rosneft is the third largest Russian stock market company by market cap. It is partially owned by the state and is involved in producing, refining, and selling oil and gas. The company is one of the world’s biggest publicly traded oil companies.

In 2022, BP sold its 19.75% stake in Rosneft following the Russian invasion of Ukraine. BP took several steps to distance itself from the Russian government, and selling its Rosneft stock was a significant loss for the company. 

Sign up and buy ROSN stock

76% of retail CFD accounts lose money. Your capital is at risk.

Where to buy the best Russian stocks

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Right now, it is not possible to buy Russian stocks if you are located in regions like Europe and the United States. However, rules may change in the future, and it is worth keeping an eye on the best brokerage platforms to see if Russian stocks become available. Check out the list below for our expertly selected and recommended brokers.

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1
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Up to $240 bonus!
Deposit with ACA, Wire, Pay with my bank
Invest for dividends and get payout on stocks on Ex-Dividend day
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Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
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CySEC, FCA

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2
$ 100
Best offer
9.9
Trade +2000 CFDs on Shares, Options, Commodities & more
Unlimited risk-free Demo Account
0 commissions & attractive spreads with up to 1:5 leverage
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American Express, Apple Pay, Bank Transfer, Credit Card, Debit Card, Discover, Google Pay, Mastercard, PayPal, SEPA, Trustly, Visa, , skrill
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ASIC, FCA, FSA, MAS, cysec-250-14-regulator, isa-regulator

Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

3
$ 0
Best offer
9.7
Diverse stock selection providing investors with a diverse array of options for their portfolios.
Advanced trading tools aiding in executing trades with precision in the dynamic stock market.
Easy portfolio management.
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ACH, Bank Wire, Check
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CFTC, FCA, FINRA, IIROC, NFA, NYSE, SIPC
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What is a Russian stock?

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It’s a stock of a company that operates in or is headquartered in Russia. The biggest Russian stocks tend to belong to businesses operating in the commodities sector, such as oil and natural gas producers; however, many belong to other industries too. Following the country’s invasion of Ukraine, Russian stocks are not available to buy in many regions and the Russian stock market has been hit hard. 

Are Russian stocks a good investment?

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Russian stocks could be a good investment, although it is only possible to buy them from some parts of the world, including Europe and the United States. Russian stocks were delisted from European and American stock exchanges following the country’s invasion of Ukraine. 

While regulations prevent foreign investment into Russian companies, rules may change in the future, allowing outside investors to buy Russian stocks again. If this does happen, there could be several growth opportunities, especially as the Russian economy has suffered substantial losses since the invasion. 

Buying Russian stocks is one of many ways to invest, and a few ETFs and funds have exposure to the Russian market which can be invested in. Whatever you decide to do, it’s a good idea to keep up to date with the latest news and market developments, which you can do on any of the links below.

Register now to buy Russian stocks
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Prash Raval
Financial Writer
Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he has traded spot FX full time while... read more.