Russia Current account balance as  % of GDP 2001  +0.5 2002  +6.3 2003  +18.4 2007  +4.0 2008  +6.0

Russia Moscow Time Index Weekly	Notes & Links
Russia Moscow Time Index Monthly	Russian Rubel

Russia Moscow Time Index (weekly), 20 week exponential average in green, 5 week exponential average in red, 52 week ROC (rate of change) in yellow, MACD (moving average convergence divergence) in green.
Russia Moscow Time Index monthly chart, the red line is a 24 month exaverage, the yellow line is a 6 month exaverage
Russia Notes & Links:
11/12/09 Russian president calls on country to refocus its economy away from energy and heavy industry towards information technology, telecommunications and space 10/20/09 Russia harvested 98.8 million tons of grain as of Oct. 20, down 13.4 million tons YoY. 9/2/09 The shortfall in Russia's grain production due to drought is expected to amount to 13 million tons this year, Agriculture Minister Yelena Skrynnik said. 8/11/09 YoY Russia’s GDP fell 10.9% in Q2. 6/10/09 The U.S. trade deficit widened to $29.16 billion in April. Exports fell $2.8 billion to $121.1 billion while imports fell $2.2 billion to $150.3 billion. (Bloomberg) -- Russia may switch some of its reserves from U.S. Treasuries to International Monetary Fund bonds, the central bank said today. 5/28/09 YoY Russia’s GDP fell 10.5% in April. 4/15/09 Russia’s Gazprom estimates its end-2008 reserves at 217.3 billion barrels of oil equivalent, the company said, representing an increase of 11% from 2007, when Gazprom's reserves were 196.4 billion. 4/2/09 Russia's economy shrank by 7% in the first quarter of 2009 3/30/09 The World Bank has given warning of serious social discontent in Russia after delivering a bleak assessment of the country's economy. 1/11/09 Russia will resume pumping gas to third countries via Ukraine from Tuesday morning, the EU says. 1/7/09 Russia shut down all gas flows to Europe through Ukraine on Wednesday. 1/6/09 Russian gas supplies to a swathe of Europe were all but cut off as temperatures plummeted across the region, raising the stakes in a pricing dispute between Moscow and Ukraine. 12/17/2008 Russia's central bank allowed the ruble to slide for the second time this week, speeding up the gradual depreciation policy 11/13/08 Russia's central bank increases its key interest rate to 12% from 11% in an attempt to reduce an outflow of capital. 11/6/08 F.O. Licht raised their estimate of Russia’s wheat crop to 62.5 million tonnes from 56.0 mmt forecast previously and 49.2 million harvested last year. Ukraine's harvest is estimated at 24.5 million tonnes up from last year's 13.7 million tonnes. 10/7/08 Iceland nationalized its second-largest bank and is negotiating a loan from Russia to shore up the nation's finances. Meanwhile Russia unveiled an aid package for its own banks. 1/24/08 Russia had 1.8% inflation in the first three weeks of January 5/1/07 A new ETF replicating the DAX Global Russia Index started trading. The index is made up of 30 publicly traded companies domiciled in Russia. Symbol RSX. 12/13/06 Russia is preparing to cut off natural gas supplies to neighboring Belarus and Georgia unless the two former Soviet republics agree by the year-end to pay much higher prices in 2007. 10/31/06 Russia's state foreign debt, including former Soviet-era debt, shrunk to $50.1 billion, or 39.5 billion Euros as of October 1. 10/16/06 Russia's central bank said it was starting to buy the Japanese currency for its reserves. The proportion of Russia's foreign exchange reserves currently invested in the yen was close to zero, but the bank would try to increase it to several percent of total reserves. 6/19/06 Russia's GDP increased 5.5% in the first quarter of 2006, more than expected. 05/14/05 Russia struck a landmark deal on Friday to repay up to $15 billion it owes to the West, sealing its rapid transformation from economic basket case to emerging markets powerhouse. 05/09/05 Russia has a window of opportunity in the next few months to secure entry to the World Trade Organization, says official. 05/04/05 Is Russia in for an Enron-Style Price Shock? So you are concerned when you read that UES -- which seems to work pretty well as things stand -- is to be broken up into (deep breath here) six national generation companies; 14 territorial generation companies; a state-owned hydro company; a National Grid Company; and local distribution companies. And then the interface between the generation companies and the Grid Company is to be managed by a "transmission system operator," perhaps also an "independent system operator" and a regulator to keep an eye on both. 01/26/05 Russia's gross domestic product grew 6.9 percent in 2004, a top economics ministry official said Wednesday. 12/29/04 Russia's public foreign debt fell by 5.7 pct to 112.9 bln usd on Oct 1, compared to the level on Jan 1, 2004, the finance ministry said 10/26/04 Russia's inflation rate is estimated to reach over 10.5 percent, slightly higher than the earlier official forecast, a senior government official said on Tuesday 10/21/04 "The amount of accumulated Russian investments in the American economy is approaching the one billion-dollar line", Russian presidential aide Igor Shuvalov told reporters. 10/18/04 Russian Ministry sees Russia's inflation at 8.7%-8.8% in Jan-Oct 10/18/04 GDP increased by 6.9% in Russia from January to September 2004 year-on-year, Andrei Klepach, director of the Economic Development and Trade Ministry's macroeconomic forecast department, told journalists on Tuesday.