4 Best Russian Stocks to Buy for Q1 2025

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 on Jul 4, 2024
Reading time 7 minutes

Russia’s 2022 invasion of Ukraine had a major implication in the country’s economy and its relations with western countries. The most immediate impact was that the New York Stock Exchange (NYSE) and the Nasdaq paused trading of Russian ADRs.

While Russian stocks initially plunged after the invasion, most of them ultimately bounced back, making the MOEX index one of the best-performing indices globally. This growth happened as Russia replaced its western markets for countries like India and China.

It is almost impossible for retail investors in the US to buy Russian stocks today. Still, if conditions change, here are some of the top companies to buy. 

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 nameLearn more
1GAZPGazpromLearn more >
2LUKOYLukoilLearn more >
3YNDXYandexLearn more >
4ROSNRosneftLearn more >
List selected by our team of analysts, updated February 2025.

1. Gazprom

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  • Market Cap: $32.3 billion
  • 2023 Revenue: $91 billion
  • Dividend yield: N/A
  • Stock Price: RUB 120

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. 

Gazprom is one of the biggest energy companies in Russia with a market cap of over $32 billion. As a result, its finances are usually impacted by the prices of natural gas, which have fallen sharply in the past few years.

This explains why the company reported its first annual loss in 2023. It lost over $3.2 billion, its first loss in over 20 years. This also explains why its stock has plunged by almost 70% from its highest point in 2022.

Still, I suspect that Gazprom stock will bounce back since natural gas prices are usually cyclical and they will ultimately bounce back.

2. Lukoil

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  • Market Cap: $56 billion
  • 2023 Revenue: $88 billion
  • Dividend yield: N/A
  • Stock Price: RUB 7,200

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.

Lukoil has benefited substantially from Russia’s invasion of Ukraine that has pushed oil prices higher. Its annual revenue jumped to over 7.9 trillion in 2023 while its profits came in at over 1.16 trillion rubles. 

The company has strong ties to the Kremlin and is one of the biggest dividend payers in the country. As a result, its stock has surged by more than 138% from its lowest point in 2022, which is a sign that its business was not affected by sanctions.

3. Yandex

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  • Market Cap: $3.6 billion
  • 2023 Revenue: $8.7 billion
  • Dividend yield: N/A
  • Stock Price: RUB 4,071

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.

Yandex stock price has surged by more than 200% from its lowest point in 2022 after its Dutch parent company sold its Russian business at a steep discount of $5 billion. The surge is a reflection that the company will continue doing well since it is the most dominant player in the country’s search engine industry now that Google and other western companies have been banned.

A key challenge for Yandex is that it will likely continue to lag its western peers because of the lack of access of important technologies like GPUs and CPUs.

4. Rosneft

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  • Market Cap: $67 billion
  • 2023 Revenue: $115 billion
  • Dividend yield: N/A
  • Stock Price: RUB 575

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. Rosneft’s annual revenue has surged in the past few years. It rose to over $115 billion in 2023 while its net profit surged to $14.3 billion.

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.

We found 4 online brokers for users based in

eToro review
4.6
eToro
Min. Deposit $100
Fees 1%
No. assets 50+
Demo account Yes

eToro review

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Plus500 review
4.5
Plus500
Min. Deposit $100
Fees From 2%
No. assets 2800+
Demo account Yes

Plus500 review

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.

Public.com review
4.4
Public
Min. Deposit $20
Fees 1-2%
No. assets 9000+
Demo account No

Public.com review

Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Crypto trading on Public platforms is served by Public Crypto LLC and offered through APEX Crypto. Please ensure that you fully understand the risks involved before trading.

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.

Methodology: How we choose the best Russian stocks

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At Invezz, our mission is to empower our readers with the most accurate and reliable financial information. Our curated selection of the best stocks in specific industries is designed to provide investors with well-researched, expertly reviewed stock recommendations. Our team follows a rigorous process to ensure our readers receive high-quality, trustworthy stock selections.

  • Initial screening. Our team of experienced stock market analysts conducts an initial screening of stocks within the chosen industry. This involves analyzing a broad range of companies based on key financial metrics such as revenue growth, profitability, debt levels, and market capitalization.
  • Earnings reports and financial analysis. Analysts review the latest earnings reports of shortlisted companies. This includes a detailed assessment of financial statements, looking for consistent earnings growth, strong balance sheets, and positive cash flow trends. Special attention is given to year-over-year performance and quarterly results.
  • Sector analysis. A comprehensive sector analysis is conducted to understand the macroeconomic factors affecting the industry. This includes examining market trends, competitive landscape, regulatory changes, and technological advancements. Our analysts utilize industry reports, market research, and economic forecasts to gain a holistic view of the sector.
  • Analyst recommendations. We consider recommendations from reputable sources such as Barron’s and Zacks. These sources provide expert opinions and ratings on stocks, which serve as an additional layer of validation for our selections. Incorporating external analyst recommendations ensures that our curated stocks are backed by a consensus of expert views.
  • Internal review. After the initial selection by our analysts, the chosen stocks are reviewed by a sub-editor. The sub-editor ensures that the analysis is clear, concise, and adheres to Invezz’s editorial guidelines. This review process helps maintain the quality and readability of our content, making it accessible to a broad audience.
  • Quarterly updates. To ensure our stock recommendations remain relevant and up-to-date, we update the curated section quarterly. Each update cycle involves re-evaluating the stocks based on the latest financial reports, industry developments, and market conditions. This regular update process ensures that our recommendations reflect the most current information available.

Our approach combines expert analysis, comprehensive research, and regular updates to deliver reliable and insightful investment recommendations. Read more about our review process and editorial policy.


Crispus Nyaga

Crispus Nyaga

Market Analyst

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Crispus is a Financial Analyst for Invezz covering the stock, cryptocurrency and forex markets. He’s an experienced analyst with more than 8 years of industry experience. His analysis is featured on industry leaders including macrostreet.com,  SeekingAlpha, Forbes, InvestingCube, Investing.com, and MoneyTransfers.com, to name a few....