Market Vectors Russia ETF
 (RSX)

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  • Mon, Jan. 25, 4:21 AM
    • Russia’s economy contracted the most since 2009 last year as the price of oil sank and sanctions over the conflict in Ukraine curbed access to international financing.
    • According to preliminary estimates, gross domestic product fell 3.7% after growth of 0.6% in 2014.
    • "The economy’s going through big adjustments - it's still addicted to oil," said Vladimir Miklashevsky, a strategist at Danske Bank A/S. "The weak ruble and import substitution will continue to support local production, although...it's a long journey to recovery."
    • ETFs: RSX, RUSL, RUSS, ERUS, RSXJ, RBL
    | Mon, Jan. 25, 4:21 AM | 20 Comments
  • Fri, Jan. 22, 4:51 AM
    • The ruble jumped the most since August overnight, rebounding from its lowest level on record, as a recovery in crude prices encouraged investors to buy assets in the world's biggest energy exporter.
    • The Russian currency rose 3.6% to 79.7450 per dollar after touching a record intraday low of 85.999 on Thursday, paring its weekly slump to 2.7%.
    • "The ruble keeps tracking changes in the oil price,” said Oleg Kouzmin, chief economist at Renaissance Capital. "The currency is still largely commodity-based."
    • ETFs: RSX, RUSL, RUSS, ERUS, RSXJ, RBL
    • Previously: Ruble's dramatic plunge continues (Jan. 21 2016)
    | Fri, Jan. 22, 4:51 AM | 1 Comment
  • Thu, Jan. 21, 6:14 AM
    • Russia's ruble fell more than 5% in the first two hours of trading on Thursday, to hit a new record low of 85.97 per dollar amid a global crash in oil prices.
    • The country is suffering considerably from the crude slump, which has sparked widespread predictions of a second straight year of recession.
    • On Wednesday, Russia's central bank governor Elvira Nabiullina said she did not intend to intervene to support the currency, which she described as close to its "fundamental levels."
    • ETFs: RSX, RUSL, RUSS, ERUS, RSXJ, RBL
    | Thu, Jan. 21, 6:14 AM
  • Wed, Jan. 20, 6:32 AM
    • The collapse in crude prices caused the ruble to nosedive to a record low today as the plunge in oil weighed on the economy of the world's biggest energy exporter and surpassed every other obstacle the nation has endured including crippling sanctions.
    • The Russian currency fell 1.8% to 80.156 against the dollar, breaching a threshold it last crossed during the ruble crisis of December 2014 that forced the central bank to intervene through a series of emergency rate increases.
    • ETFs: RSX, RUSL, RUSS, ERUS, RSXJ, RBL
    | Wed, Jan. 20, 6:32 AM | 6 Comments
  • Wed, Jan. 20, 3:49 AM
    • Just a few years ago, the so-called BRICS were taking the world by storm with surging economic growth, although it now looks like they risk capsizing it.
    • China was growing at an average rate of more than 10% a year, peaking at over 14% in 2007. India averaged 8%; Russia 5%; and Brazil and South Africa around 4%. To put that in perspective, the G-7 economies expanded at an average rate of less than 1.4% over the same time frame.
    • What happened? The commodity- and export-dependent emerging economies have long been prone to booms and busts, as their fate depends largely on the tide of global demand. They also face deep debt problems, political turmoil and major demographic challenges.
    • ETFs: EWZ, RSX, EPI, RUSL, INDY, SCIF, RUSS, BRF, INDL, PIN, INDA, ERUS, RSXJ, EZA, INP, IIF, INXX, BRZU, INCO, EWZS, SCIN, RBL, SMIN, BRAQ, BZQ, BRAZ, BRAF, UBR, DBBR, FBZ
    | Wed, Jan. 20, 3:49 AM | 8 Comments
  • Fri, Jan. 1, 8:03 AM
    • Russia is suing Ukraine for having failed to repay a $3B Eurobond and $75M of interest by Dec. 31.
    • "A corresponding lawsuit will be filed in an English court in compliance with the established procedures," the finance ministry said on its website.
    • Ukraine, which has separately reached an agreement with private creditors to restructure its sovereign debt, insists the Eurobond is commercial debt and it cannot offer Russia a better deal than other creditors.
    • Previously: Escalating tensions between Russia, Ukraine (Dec. 17 2015)
    • ETFs: RSX, RUSL, RUSS, ERUS, RSXJ, RBL
    | Fri, Jan. 1, 8:03 AM | 30 Comments
  • Dec. 31, 2015, 10:31 AM
    • The level of Russia's foreign debts fell to $538.2B on Oct. 1, down from $555.7B on July 1, representing an upward revision compared to a previous estimate of $521.6B.
    • The central bank also said Russia ran a current account surplus of $7.5B in the third quarter, an upward revision from its previous estimate of $5.4B.
    • ETFs: RSX, RUSL, RUSS, ERUS, RSXJ, RBL
    | Dec. 31, 2015, 10:31 AM | 5 Comments
  • Dec. 28, 2015, 8:25 AM
    • Besides for a heavy contraction to GDP, the ruble today fell to its weakest level of 2015, depreciating 2.1% to 72.1730 per dollar.
    • A traditional pick up in end-of-year budget spending is seen hurting the Russian currency by pumping extra cash into companies and banks.
    • Other factors causing the move include low oil prices (a big driver for the Russian economy) and renewed economic sanctions.
    • ETFs: RSX, RUSL, RUSS, ERUS, RSXJ, RBL
    • Previously: Russian economy contracts 4% on year in November (Dec. 28 2015)
    | Dec. 28, 2015, 8:25 AM | 1 Comment
  • Dec. 28, 2015, 3:50 AM
    • Russia's gross domestic product fell 4% on the year in November, taking the annual decline for the January-November period to 3.7%.
    • The data starkly contrasts with recent comments by President Vladimir Putin and other government officials that stated the economy had bottomed out.
    • Russia's GDP also appears likely to contract further in 2016, given the recent drop in oil prices and fresh economic sanctions.
    • ETFs: RSX, RUSL, RUSS, ERUS, RSXJ, RBL
    | Dec. 28, 2015, 3:50 AM
  • Dec. 23, 2015, 4:48 AM
    • The Russian parliament has voted to suspend its free-trade zone with Ukraine from January in a further deterioration in relations.
    • According to government statistics, bilateral trade has fallen from $50.6B in 2011 to just $12.5B in the first 10 months of this year.
    • Russia is also set to extend to Ukraine the food import embargo it has imposed on European countries, a move it says is a response to Ukraine's adoption of western sanctions.
    • Previously: U.S. imposes new Ukraine-related sanctions (Dec. 23 2015)
    • ETFs: RSX, RUSL, RUSS, ERUS, RSXJ, RBL
    | Dec. 23, 2015, 4:48 AM | 1 Comment
  • Dec. 23, 2015, 2:46 AM
    • The Obama administration has slapped fresh sanctions on Russian businessmen and entities close to President Vladimir Putin, including subsidiaries of state banks Sberbank (OTCPK:SBRCY) and VTB as well as defense company Rostec.
    • The penalties are aimed at forcing Russia to stabilize Ukraine, but their timing highlights the complicated ties between the two powers and could undercut cooperation on ending the Syrian war and fighting ISIS.
    • ETFs: RSX, RUSL, RUSS, ERUS, RSXJ, RBL
    | Dec. 23, 2015, 2:46 AM | 13 Comments
  • Dec. 17, 2015, 3:03 AM
    • The IMF has handed a victory to Russia's Vladimir Putin in his fight to force Ukraine to repay a $3B bond that matures on Sunday.
    • The decision means that Ukraine will now have to demonstrate "good faith" in attempting to negotiate a restructuring if it wants to secure the next installment of a $17B IMF-led rescue program.
    • Putin on Wednesday also announced that he was suspending a free-trade agreement with Ukraine because of the lack of progress in talks over Kiev's signing of a separate trade deal with the EU.
    • ETFs: RSX, RUSL, RUSS, ERUS, RSXJ, RBL
    | Dec. 17, 2015, 3:03 AM | 18 Comments
  • Dec. 16, 2015, 3:08 AM
    • The European Union is looking to make a formal decision on extending economic sanctions against Russia this Friday, once Italy's prime minister has discussed the issue with his fellow leaders in Brussels.
    • The measures, which would roll over sanctions for another six months, include cutting funding for major state-owned banks and energy companies as well as restrictions on Russia's defense and energy sectors.
    • Previously: Europe reviews sanctions against Russia (Dec. 15 2015)
    • ETFs: RSX, RUSL, RUSS, ERUS, RSXJ, RBL
    | Dec. 16, 2015, 3:08 AM | 4 Comments
  • Dec. 15, 2015, 2:36 AM
    • The European Union has delayed a decision on whether to renew sanctions against Russia, after Italy insisted that more discussion was needed.
    • The failure to continue the sanctions for another six months from January indicates cracks in the bloc’s stance against Russian aggression in Ukraine.
    • It could also push the issue to the agenda of a summit meeting of Europe's leaders later this week.
    • ETFs: RSX, RUSL, RUSS, ERUS, RSXJ, RBL
    | Dec. 15, 2015, 2:36 AM | 8 Comments
  • Dec. 3, 2015, 2:54 AM
    • Russia's defense ministry announced that it has "hard evidence" Turkey is involved in illegal oil trade with ISIS, exacerbating tensions between the two countries after a Russian warplane was downed by Turkey last week.
    • Officials presented satellite images and videos that they said show links between Turkey and oil refineries in ISIS-controlled territory in Syria.
    • "No one had the right to slander Turkey by accusing it of buying oil from Islamic State," Turkish President Erdogan said in response, outlining that he would step down if such allegations were proven to be true.
    • ETFs: RSX, TUR, RUSL, RUSS, ERUS, RSXJ, RBL, TKF
    | Dec. 3, 2015, 2:54 AM | 16 Comments
  • Nov. 29, 2015, 9:34 AM
    • Russian President Vladimir Putin announced additional measures against Turkey on Saturday in response to the recent downing of a Russian bomber on the Syrian border.
    • The new sanctions include the suspension of visa-free travel, halting tours and chartered flights to Turkey and a ban on the hiring of Turkish nationals.
    • Shortly before the decree, Turkish President Recep Tayyip Erdogan voiced regret over the incident, saying his country was "truly saddened" by the event and wished it hadn't occurred.
    • Previously: Russia hits back at Turkey (Nov. 26 2015)
    • ETFs: RSX, TUR, RUSL, RUSS, ERUS, RSXJ, RBL, TKF
    | Nov. 29, 2015, 9:34 AM | 58 Comments
RSX Description
The Russia ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Russia Index. The Index provides exposure to publicly traded companies that are domiciled in Russia, and traded in Russia and/or on leading global exchanges. As such, the Fund is subject to the risks of investing in this country.
See more details on sponsor's website
Country: Russia
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