Interview with Vladimir Lisin:Domestic market to be key for us in the medium-term perspective

One of the richest peope in Russia Vladimir Lisin, whose fortune was $14.1 billion as of 2013 according to the Forbes, staked on metal at the beginning of his career and now owns the Russian steel-smelting giant - Novolipetsk Steel (NLMK) with capacity of 15.7 million tons of steel. The second serious interest of Lisin was transport. His holding company Universal Cargo Logistics (UCL Holding) unites stevedore, shipping and railway companies, including the largest operator of railway transportation in Russia – Freight One.

This is difficult time for steel producers – the fall of the demand for steel and the oversupply of industrial capacities led to serious decrease of metal products prices. On the whole, the situation in the economy has forced transport companies to reconsider their plans and postpone IPO's. But the liberalization of the locomotive haulage market inspires operators and their owners with hope.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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