Major Russian Сompanies With Offshore Stakeholders in Figures

President Vladimir Putin has inked a law that cracks down on offshore tax sheltering.

MOSCOW, November 25 (Sputnik) — President Vladimir Putin has signed a law on what is being called the "deoffshorization" of the economy.

The following is a partial list of companies whose principal shareholders are based offshore.

OJSC Severstal, one of the world's largest steel and mining companies with facilities in Russia, Latvia, Ukraine, Poland, Italy, and Liberia. According to the company's report for the second quarter of 2014, shareholders include, Cyprus's Astroshine Limited (holds 19.99 percent of stock, 100 percent owned by Anters Associates Limited, registered in the British Virgin Islands) and Loranel Limited (holds 19.99 percent of stock and 100 percent owned by Lanton Enterprises Limited, registered in the British Virgin Islands).

OJSC Magnitogorsk Metallurgical Combine (MMK), one of the world's largest steel producers, a leading ferrous metal producer in Russia. According to MMK's report for the second quarter of 2014, its shareholders include Cyprus-based companies Fulnek Enterprises Ltd (41.01 percent) and Mintha Holding Ltd (46.26 percent), which are 100 percent owned by Cyprus's Stilnet Ltd.

OJSC Novolipetsk Steel (NLMK), one of the world's largest steel companies, accounting for about 18 percent of Russia's total steel output. According to the company's report for the second quarter of 2014, Cyprus-based Fletcher Group Holdings Limited holds 85.54 percent of its stock.

Alfa Group Consortium, one of Russia's largest private investment groups. The consortium invests mainly in assets with long-term value prospects, mostly in Russia and other CIS countries, as well as countries that meet the group's strategic goals. The group's shareholders are ABH Holdings S.A. (registered in Luxembourg), CTF Holdings Ltd (registered in the Gibraltar), Ventrelt Holdings Ltd. (the British Virgin Islands).

OJSC Siberian Coal Energy Company (SUEK), Russia's leading coal company. The company's sole shareholder is SUEK PLC, a Cyprus offshore entity, which owns 100 percent of the coal giant's stock.

OJSC Metalloinvest, a leading global iron ore and regional steel producer. According to the company's report for the second quarter of 2014, Metalloinvest's shareholders are the Cyprus companies Seropaem Holdings Limited (21 percent), USM Steel & Mining Group Limited (40 percent), Metalloinvest Limited (24 percent), and USM Investments Limited (15 percent).

Lanebrook Ltd., a Cyprus offshore business entity, owns 64.28 percent of Evraz, a steel making and mining company with assets in Russia, Ukraine, the US, Canada, the Czech Republic, Italy, Kazakhstan, and South Africa. Another 2.85 percent belongs to Lanebrook Ltd. affiliated partners.

OJSC Novaya Perevozochnaya Kompaniya (New Forwarding Company, OJSC) a major independent transport company of Russia's rail freight transit market. Globaltrans Investment PLC, a Cyprus-based company, controls 100 percent of its stock.

OJSC Mechel, one of Russia's leading mining and metals companies, comprising producers of coal, iron ore, steel, rolled steel products, and thermal and electrical energy. Mechel's shareholders include the Cyprus-based companies Skironas Investments Limited (8.31 percent) and Bodega Enterprises Limited (6.32 percent), Swiss Conares Holding AG (18.35 percent) and Conares Trading AG (3.03 percent), and Britta Investments LTD (11.44 percent), registered in the British Virgin Islands.