VanEck Vectors Russia ETF (RSX) - NYSEARCA
  • 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
  • Nov. 27, 2015, 3:34 AM
    • French President Francois Hollande met Russian President Vladimir Putin in Moscow yesterday and agreed to cooperate in the fight against ISIS, although the two remained at odds over the fate of Syrian President Bashar al-Assad.
    • The news comes after Russia targeted Turkey's economy with a range of sanctions - such as checks on Turkish food imports and cutting military/tourism ties - three days after Turkey shot down a Russian warplane on its border with Syria.
    • However, some sanctions are still up for discussion, including closing Russian airspace and ports to Turkish companies, suspending investment agreements/joint projects, and barring cultural exchanges.
    • ETFs: RSX, TUR, RUSL, RUSS, ERUS, RSXJ, RBL, TKF
    | Nov. 27, 2015, 3:34 AM | 4 Comments
  • Nov. 26, 2015, 8:58 AM
    • President Vladimir Putin has ordered tighter control on Turkish agricultural products, including additional checks at the border and production sites, two days after Turkey shot down a Russian warplane on its border with Syria.
    • The retaliatory measure is not new to Russia. The country banned European food products last year in response to Western sanctions over interventions in Ukraine.
    • Where else can Russia take aim at Turkey? Bilateral trade and infrastructure deals, the tourism industry, and energy (including a gas pipeline being built between the two countries, as well as the Akkuyu nuclear power plant).
    • Previously: Russia turns on Turkey after downed jet (Nov. 25 2015)
    • ETFs: RSX, TUR, RUSL, RUSS, ERUS, RSXJ, RBL, TKF
    | Nov. 26, 2015, 8:58 AM | 46 Comments
  • Nov. 25, 2015, 4:32 AM
    • Investors across the world are closely watching rising geopolitical tensions between Russia and NATO member Turkey after a Russian SU-24 warplane was shot down by a Turkish F-16 fighter jet on Tuesday.
    • Russia has warned its former ally and trade partner that diplomatic and commercial relations between the countries are at risk, calling the downing "a stab in the back."
    • The incident also dims the prospects for a grand international coalition to change the course of chaos in Syria.
    • ETFs: RSX, TUR, RUSL, RUSS, ERUS, RSXJ, RBL, TKF
    | Nov. 25, 2015, 4:32 AM | 48 Comments
  • Oct. 13, 2015, 3:59 AM
    • Russia's economy could shrink 3.8% this year on the back of lower oil prices and international sanctions, the country's finance minister told CNBC, outlining that trade restrictions may not be removed any time soon.
    • "We don't anticipate they'll be lifted next year, though of course we would want it to happen as soon as possible," Anton Siluanov declared.
    • Despite a GDP contraction this year, Siluanov feels the economy is turning a corner and could see positive growth of 0.7% in 2016.
    • ETFs: RSX, RUSL, RUSS, ERUS, RSXJ, RBL
    | Oct. 13, 2015, 3:59 AM | 8 Comments
  • Oct. 2, 2015, 8:10 AM
    • Russian oil output rose to a post-Soviet record in September, adding to the global glut that is keeping crude prices lower.
    • Last month's output rose to an average of 10.74M bbl/day from 10.68M in August and surpassing the previous record of 10.71M reached earlier this year.
    • The government has said because of the geology and harsh climate, Russian companies such as Rosneft (OTC:RNFTF) cannot adjust oil output as easily as in other producing nations, and the depreciation of the ruble makes it relatively cheaper to produce oil in Russia, helping to preserve oil company margins.
    • ETFs: USO, OIL, UCO, RSX, UWTI, SCO, BNO, RUSL, DBO, DWTI, RUSS, DTO, USL, ERUS, DNO, RBL, OLO, SZO, OLEM
    | Oct. 2, 2015, 8:10 AM | 25 Comments
  • Sep. 26, 2015, 1:15 AM
    • Russia and Ukraine finally reach agreement on supplies of natural gas to Ukraine for the coming winter, Russia's energy minister says.
    • The deal gives Ukraine a price discount determined quarterly, with the final rate close to the same as for neighboring Poland, and provides gas for six months ending in March 2016.
    • The EU, which gets ~10% of its gas through Ukrainian pipelines from Russia, brokered the deal to resume gas flows halted in July over a pricing dispute; the EU's eastern members suffered shortfalls at least twice in the past decade during similar standoffs between the two countries.
    • Russia will offer Ukraine gas at ~$227 per 1,000 cubic meters through December; Gazprom (OTCPK:OGZPY) has estimated the price before discount at $252.
    • Ukraine agrees to inject 2B cubic meters of Russian gas into underground storage sites on its territory to help stockpile supplies for EU countries.
    • The agreement still needs to be formally approved by the governments in Moscow and Kiev.
    • ETFs: RSX, RUSL, RUSS, ERUS, RBL
    | Sep. 26, 2015, 1:15 AM | 6 Comments
  • Sep. 18, 2015, 12:31 PM
    • A net decline of 0.7% in emerging markets funds last week brings the four-week decline to 3.7%, and the YTD falloff to 5%. For the month of August, money exited Asia and Eastern Europe, but rose for Latin America, with Mexico (NYSEARCA:EWW) leading the way.
    • Also among those with inflows is Russia for the third consecutive month, perhaps as investors chase performance - the Market Vectors Russia ETF (NYSEARCA:RSX) is up 11% for the year.
    • ETFs: EEM, VWO, EDC, EDZ, SCHE, IEMG, EMF, MSF, EEV, ADRE, EET, EUM, GMM, DBEM, EEME, EMCR, FEM, XSOE, EWEM, HEEM, EMLB, EMSA, EMFT, KEMP, KLEM
    | Sep. 18, 2015, 12:31 PM | 2 Comments
RSX Description
VanEck Vectors Russia ETF (RSX) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the VanEck Vectors Russia Index (MVRSXTR), which includes companies that are incorporated in Russia or that generate at least 50% of their revenues (or, where applicable, have at least 50% of their assets) in Russia.
See more details on sponsor's website
Country: Russia
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