From a review of the superb Google Finance Website and financial statements in company investor relations websites, I found 14 Companies headquartered in Russia with stock market caps on the Moscow Stock Exchange of more than Russian Rubles (RUB) 500 billion and which had their financial statements audited by one of the very prestigious Big 4 CPA firms.. The Russian Ruble is now worth US$.015 and has depreciated precipitously against the US$ in the most recent three years.
Of these 14 largest Russian Companies, 13 used IFRS GAAP and 1 used US GAAP.
Six of the 10 Largest Russian Companies in stock market cap are in the Oil & Gas industry including the top 3 and 5 of the top 7. I think it is very unwise to have so much of a large country's economic wealth in just one industry.
There were 9 of these 14 largest Russian Companies which presented their financial statements in Russian Rubles, with the other 5 presenting US$ financial statements.
Below here are the reported Earnings (Losses) from continuing operations for each of these 14
largest Russian Companies for each of the most recent 4 years (2011 through 2014):
The largest US Oil & Gas Companies performed substantially better on the earnings front in 2014 than did these largest Russian Oil & Gas Companies.
Exxon Mobil's 2014 Audited Earnings increased 0.5% over 2013 and Chevron's 2014 Audited Earnings declined by only 11% from 2013.