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9. Evraz Group
9. Evraz Group
Russia favors industry leaders, but not when they inflate domestic prices. The Federal Anti-Monopoly Service is cracking down on a group of mining companies, including Evraz, for creating artificial shortages at home - coal producer Mechel has already been ordered to cut its prices by 15%. While Evraz has benefited from high prices, the business' sales (and debt) have also grown because of foreign expansion - just 40% of its revenues this year came from Russian operations. Evraz boosted profits by 82% in the first half of 2008, and anticipates year-end revenues of $23.2 to $24.6 billion.

NEXT: 10. Tatneft
Last updated September 09 2008: 7:49 AM ET
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