Ruslan Baysarov, a prominent Russian business executive, regularly appears on the Forbes list of the wealthiest people in the country.
Born on August 9, 1968 in Chechnya, he is the controlling shareholder of the SK Most Group of Companies, which designs and builds facilities and structures of national significance, such as the bridge over the Bosphorus Strait to Russky Island in the Far East and the facilities and infrastructure constructed for the Sochi 2014 Olympic Winter Games.
Businessman Ruslan Baysarov
Start to Success
Ruslan Baysarov was born and raised in the village of Prigorodnoye in the Grozny District of Chechnya to a warm and large but not wealthy family.
Ruslan's entrepreneurial abilities can be traced to an early age. In order to help support the family, he bought apples from neighboring collective farms, which he later resold in the village for a small margin.
Baysarov received his high school diploma in 1985. He then enrolled at the University of Civil Engineering in Moscow. It was a time of global change, which made it possible for Ruslan Baisarov to show his real entrepreneurial potential. Even while studying at the university, he began working on making computer technology and licensed software compatible for Russia.
After serving in the military and being discharged in 1988, Ruslan Baysarov enrolled at the Grozny State Oil Technical University named after Academician M.D. Millionshchikov. Having received a diploma of higher education, he returned to Moscow and enrolled at the Moscow State University. Ruslan completed a second degree in 2001. Later on he received a Candidate of Technical Sciences degree.
How Ruslan Baysarov Entered Big Business
Over the next few years, Ruslan Baysarov consistently and fruitfully expanded his business competencies. After implementing a number of successful projects at the World Trade Center on the Krasnopresnenskaya Embankment, Baysarov accomplished quite a great deal in the oil refining industry. At one point, his company, Infant, provided motor fuel to 2,000 gas stations throughout Russia.
Since 2001 and over the next decade, Ruslan Baysarov has held senior management positions in the capital's oil companies. In 2011, Baysarov decided to make a drastic change, taking the post of Director General of Tuva Energy Industrial Corporation (TEIC). In 2013, TEIC began to develop Elegest, one of the most promising coal deposits in Russia, located in the Republic of Tyva. Elegest is unique in that it has proven reserves of 855 tons of coal, including high-quality, Zh-grade coal, which is considered the most valuable. The deposit's geology is also noteworthy. For proportion, if the Kuzbass coal basin's best mine has formations with a thickness of not more than three meters (and less than a meter in Vorkuta), 80% of the reserves in Elegest have a layer that is eight-meters thick.
Railroad to Tuva
A new coal terminal is being planned to be built in Khabarovsk Krai to optimize logistics and reduce the cost of transportation to consumers (mainly foreign).
Another infrastructure project of national importance that is currently being implemented by Ruslan Baisarov's company is inextricably linked to the development of this field. Baysarov is building the first railroad in the Republic of Tuva. It will start in Elegest and run through Kyzyl to Kuragino. The project is being conducted in accordance with a 30-year concession agreement together with Russian Railways.
The significance of this project both for the Republic of Tuva and for the entire Russian transport system can be judged at least by the fact that the length of the new railroad will be more than 400 kilometers. After the completion of the construction, the quality and reliability of transport links between the Republic of Tuva and the neighboring Krasnoyarsk territory will reach a fundamentally different level. The capacity of the line is expected to be 15 million tons per year. In the future, this railroad line may be extended to Mongolia and China as well.
This infrastructure project is also extremely important for the region in terms of reducing labor market tensions. More than 10,000 people will be employed on the construction of the railroad itself as well as all the necessary accompanying facilities in such cases, though these will be so-called temporary jobs. More importantly, after the new rail line is put into operation, more than 5,000 permanent jobs will become available.
Since 2015, Ruslan Baysarov has been a shareholder in the SK Most Group of Companies. In 2016, he increased his stake to 56% and took over as the chairman of its board of directors. The company has been a leader in the construction industry for over thirty years and has been implementing large-scale projects across the country.
By the 2012 APEC summit, the company’s specialists built the longest cable stayed bridge in the world connecting Russky Island and with the city of Vladivostok, the construction of which was refused by contractors from Europe. The photo of the bridge is even being used on the Russian 2,000-ruble bill.
For the Sochi 2014 Olympic Winter Games, more than four dozen rail and auto bridges were built by the company on the way from the Olympic village in the mountains to the Black Sea.
SK Most Group of Companies completed another important project in 2018 in the Arctic port of Sabetta, located in the Arctic Circle. Infrastructure for the first Russian harbor in the Arctic Circle that enables the production of liquefied natural gas at Yamal LNG was built in permafrost and harsh climate in tight deadlines.
Ruslan Baysarov and Head of Russian Railways Oleg Belozerov at contract signing
Ruslan Baisarov’s companies are also actively involved in the development of the Moscow metro, specifically in the construction of a new Nekrasovskaya line that will serve at least 800,000 residents of the South-Eastern Administrative District and the neighboring Moscow districts. Using a giant shield that is 10 meters in diameter (as opposed to the usual six), SK Most connected the Nizhegorodskaya and Stakhanovskaya stations to each other at the end of 2019. Nizhegorodskaya will soon become one of the largest transport hubs in Europe, enabling comfortable and convenient travel to:
- Other metro stations
- Moscow Central Circle
- Stations in the direction of Kursk
- Bus stations
At present, the SK Most Group of Companies is building bridges as part of the transformation of the railway track on Sakhalin Island. Very soon, all of the island's existing railway lines will be redifined to the Russian standard of 1,520 mm.
In the Republic of Serbia, a rail viaduct more than three kilometers long is being built in the floodplain of the Danube. This should significantly facilitate transport links between Belgrade, the country's capital, and Nov Sad, the country's second most populous city. The viaduct will enable the trains to increase their maximum speed through this section from 80 to 200 kilometers per hour.
Russian businessman Ruslan Baysarov
Ruslan Baysarov's Personal life
Ruslan Baisarov has four sons and two daughters, whom he raises in the spirit of national traditions. He engages in quite a bit of charitable activity as well, though that is less publicized. He is known for sponsoring creative projects and helping to fund charity foundations for children who have serious health problems.