Ruslan Baisarov



Tuva Energy Industrial Corp.



Ruslan Baysarov is a Russian entrepreneur, who made a significant contribution to the Russian oil industry in the late 1990s. Currently Baisarov is the owner and general director of the Tuva Energy Industrial Corporation. He is also the controlling shareholder of the SK MOST Group of companies, one of the top construction companies in Russia, serving as Chairman of the JSC “USK Most” board of directors. Every year he is listed among Russia’s 200 wealthiest entrepreneurs by Forbes Magazine.


After completing his military service, Baisarov graduated from the Millionshchikov State Oil Technical University. He also received a master’s degree in sociology from Moscow State University and was awarded a candidate of technical sciences degree at the National University of Science and Technology MISIS in 2018.

Business Ventures

While studying at the university he started his first business venture by selling computers. Later he entered the entertainment industry, where he got acquainted with some major high-profile  businessmen with whom he continues to collaborate.

Towards the end of the 1990s, Baisarov entered the oil refinery industry and joined the Russian Fuel Union's board of directors.

Major Achievements

Throughout his career, Ruslan Baisarov has had quite a few great achievements. His oil processing company became responsible for servicing gas stations across Russia as well as several state-owned and public sector entities. Baysarov was also highly successful in promoting a pioneering electronic fuel-consumption metering system.

Tuva Energy Industrial Corporation

In 2011 Ruslan Baisarov founded the Tuva Energy Industrial Corporation in order to start the development of the Elegest coal deposit of the Ulug-Khem coal basin in the Tuva Republic, rich in top-quality coking coal deposits. Taking into consideration the annual rapid growth of coal export supplies to the Asia-Pacific markets, the importance of this significant project rises exponentially.

The integrated project of the development of the Elegest coal deposit includes construction of three facilities for coal extraction, transportation and export: the Elegest-Kyzyl-Kuragino railroad, a modern mining and processing plant and coal port terminal in the Khabarovsk Krai. Once the project is completed, coal will be transported by rail via the main Eastern Siberian routes to the port in the Far East and then it will be shipped to the countries of the Asia-Pacific region.

The project is expected to achieve:

  • an annual production of 15 million tons of coal
  • thousands of new jobs
  • strengthening of Russia’s position in the global coal market
  • improvements in the economic development of Russian regions


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