SPDR S&P Russia ETF
 (RBL)

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  • Feb. 12, 2015, 4:01 AM
    • Russia has presented "unacceptable" conditions, and there has been "no good news yet," said Ukrainian President Petro Poroshenko as world leaders meet in Minsk to settle on an agreement to keep Ukraine from falling apart.
    • The four-way meeting, also being attended by the heads of France and Germany, began late on Wednesday and continued into Thursday morning.
    • Meanwhile, International Monetary Fund chief Christine Lagarde has announced that Ukraine will receive about $40B in funding over the next four years, with nearly half of the funding coming from the IMF.
    • RSX, RUSL, RSXJ, ERUS, RBL, RUSS -1.9% premarket
    | Feb. 12, 2015, 4:01 AM
  • Feb. 9, 2015, 3:36 AM
    • As the conflict in the region escalates, Germany's Angela Merkel has given Russian President Vladimir Putin until Wednesday to agree to a road map to end the fighting in eastern Ukraine, when they will meet in Belarus to finalize a deal.
    • The West is now debating whether to add sanctions, including broader asset freezes, or a combination of sanctions and arms transfers, should the diplomacy fail.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | Feb. 9, 2015, 3:36 AM | 5 Comments
  • Jan. 31, 2015, 5:01 PM
    • Russia’s gross domestic product is expected to shrink by 3% in 2015 with oil prices at $50/bbl and an estimated capital outflow at $115B, announced Alexei Ulyukayev, the country's economy minister.
    • Inflation in 2015 is now forecast to stand at 12%, up from the previous estimate of 7.5%, he added.
    • The announcement comes just a day after the Russian central bank unexpectedly lowered its key interest rate by two percentage points to 15%, and almost a week after the country's credit rating was cut to "junk status" at Standard & Poor's.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | Jan. 31, 2015, 5:01 PM | 74 Comments
  • Jan. 30, 2015, 6:23 AM
    • Russia's central bank lowered its key interest rate to 15% today, amid calls from government officials and business leaders for a cut to stimulate growth.
    • The move comes just one month after announcing a surprise hike from 10.5% to 17% to shore up the weakening ruble.
    • The ruble slid over 3% on the news, falling to 71.15 vs. the dollar.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | Jan. 30, 2015, 6:23 AM | 11 Comments
  • Jan. 30, 2015, 3:31 AM
    • Winning support from Greece, European Union foreign ministers have extended existing sanctions against Russia, but held off on tighter economic measures for now.
    • Last year's travel bans and asset freezes will now continue until September.
    • Ministers also discussed the names of additional people who could be targeted with sanctions when they meet again on Feb. 9.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | Jan. 30, 2015, 3:31 AM
  • Jan. 27, 2015, 4:07 AM
    • The ruble has recovered slightly trading at 67.62 per dollar, after ending Monday's session over 6% lower at 68.79.
    • The plunge followed yesterday's move by the S&P to downgrade Russia's sovereign rating to junk due to weak economic growth prospects, low oil prices and Western sanctions.
    • Russian share indexes opened lower this morning, although the ruble-based MICEX is now up by 1.1%, while the dollar-based RTS is down 1%.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | Jan. 27, 2015, 4:07 AM | 11 Comments
  • Jan. 26, 2015, 1:07 PM
    | Jan. 26, 2015, 1:07 PM | 8 Comments
  • Jan. 26, 2015, 4:46 AM
    • After months in which European officials had been debating whether it was time to begin rolling back Russian sanctions, the talk now is how to tighten them.
    • Pro-Moscow rebels, backed by what NATO says is the open participation of Russian troops, pressed on with their offensive on Sunday after restarting the war in eastern Ukraine.
    • The EU has called an emergency meeting of foreign ministers, while President Obama said he was considering all options short of military action to isolate Russia.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | Jan. 26, 2015, 4:46 AM | 15 Comments
  • Jan. 18, 2015, 9:30 AM
    • Moody's on Friday cut its government bond rating on Russia, placing it just one notch above junk, citing the effects of plunging oil prices and the ruble.
    • "In the review for further downgrade, Moody's will assess the resiliency of the government's balance sheet, in particular its foreign currency reserves cushion," the ratings agency announced.
    • The downgrade brings Moody’s ratings on Russia in line with those from Standard & Poor’s and Fitch.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    • Previously: Russia placed on CreditWatch Negative at S&P
    • Previously: Fitch downgrades Russia to one notch above junk
    | Jan. 18, 2015, 9:30 AM | 34 Comments
  • Jan. 14, 2015, 3:23 AM
    • Cutting its forecast from December when it expected a 0.7% contraction, the World Bank expects Russia's economy to contract by 2.9% in 2015 due to poor economic prospects in the euro zone and lower oil prices.
    • In a report on global economic growth released today, the bank also predicted Russian growth of 0.1% in 2016 and 1.1% growth in 2017.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | Jan. 14, 2015, 3:23 AM
  • Jan. 9, 2015, 5:15 PM
    • Fitch downgrades Russia's sovereign rating to BBB- from BBB, placing it just one notch above junk, with a negative outlook.
    • Russia’s economic outlook has “deteriorated significantly since mid-2014" due to the sharp drop in the price of oil and in the value of the ruble, coupled with a steep rise in interest rates, Fitch writes.
    • Plunging oil prices have exposed the close link between growth and oil prices, and ruble depreciation, intense market volatility and policy rate hikes to 17% from 10% are a major shock to the banking sector, the ratings agency says.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | Jan. 9, 2015, 5:15 PM | 6 Comments
  • Jan. 6, 2015, 3:40 AM
    • "I think that sanctions must stop now," said French President Francois Hollande in an interview yesterday outlining that Western nations should instead offer to ease off on existing restrictions in exchange for progress in the peace process.
    • German Vice Chancellor Sigmar Gabriel also signaled concerns about the effect of sanctions on Russia’s stability stating that the goal was never to push Russia into chaos.
    • Peace talks between the leaders of Russia, Ukraine, France and Germany are scheduled for Jan. 15.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | Jan. 6, 2015, 3:40 AM | 23 Comments
  • Dec. 29, 2014, 9:30 AM
    • Amid the sharp fall in oil prices, the collapse of the ruble and western sanctions, Russia’s economy ministry announced today that the country's GDP shrank by 0.5% in November compared to the same month last year.
    • The ruble weakened by almost 6% in early Moscow trading to 58.56 against the dollar before paring some of its losses. The currency is now trading at 56.18 against the dollar.
    • Several steps have been taken to prop up the ruble in the last few weeks, including an interest rate increase and the sale of foreign currency reserves.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | Dec. 29, 2014, 9:30 AM | 17 Comments
  • Dec. 26, 2014, 7:08 AM
    • If oil prices average $60/bbl next year, the Russian economy could contract by 4% and the budget could have a deficit of more than 3% of GDP announced Finance Minister Anton Siluanov on Friday.
    • Siluanov also told journalists that he expected the ruble's average exchange rate to be around 51 rubles per dollar in 2015.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | Dec. 26, 2014, 7:08 AM | 12 Comments
  • Dec. 26, 2014, 3:55 AM
    • Announcing that Ukraine's pursuit of NATO membership posed a danger to European security, Russian Foreign Minister Sergei Lavrov accused the West of using Kiev's bid as a way to fuel confrontation between Russia and Ukraine.
    • Russia has been facing economic troubles due to sanctions over the situation in Ukraine and low oil prices, and announced yesterday that it faced a higher than planned budget deficit for next year.
    • The ruble rose as much as 0.86% against the dollar today at 52.1, its strongest level in more than three week, as the government rolled out new steps to combat its decline, such as ordering exporters to sell some of their hard currency.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | Dec. 26, 2014, 3:55 AM
  • Dec. 25, 2014, 9:16 AM
    • Russia is facing a considerably higher deficit next year than planned as the economy slides toward recession, announced Finance Minister Anton Siluanov to reporters in Moscow.
    • "If incomes are lower and the main spending is fully financed, then we’ll have to use reserves and increase the deficit," said Siluanov. "One year with a deficit isn’t so scary, the most important thing is to prepare future budgets."
    • On top of U.S. and European sanctions over the situation in Ukraine, Russia has taken a big hit from low oil prices, it’s biggest source of revenue.
    • According to the central bank’s stress scenario, the country's GDP may also shrink by at least 4.5% in 2015 if crude averages $60/bbl.
    • Previously: Russian Finance Ministry says ruble instability is over (Dec. 25 2014)
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | Dec. 25, 2014, 9:16 AM | 1 Comment
RBL Description
The SPDR® S&P® Russia ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the S&P Russia Capped BMI Index (ticker: SPCQXRUP). Our approach is designed to provide portfolios with low portfolio turnover, accurate tracking, and lower costs.
See more details on sponsor's website
Country: Russia
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