Investing in Russia ADRs / Russian Stocks List
There are several Russia ADRs trading on the NYSE or the NASDAQ: Bermuda registered CTC Media, Inc (NASDAQ: CTCM) which provides TV programming in Russia and former Soviet Bloc/CIS countries; mining and steel giant Mechel OAO (NYSE: MTL); Cypress based Qiwi PLC (NASDAQ: QIWI) which is a provider of payment services in Russia and former Soviet Bloc/CIS countries; Amsterdam based Yandex NV (NASDAQ: YNDX) which is an Internet company and a search provider active in Russia, Turkey and former former Soviet Bloc/CIS countries; and telecommunications stocks Mobile TeleSystems OJSC (NYSE: MBT) and Amsterdam headquartered VimpelCom Ltd (NASDAQ: VIP) with the former also having operations in other former Soviet republics. Of the OTC listed Russia ADRs, foreign investors are probably most familiar with oil and gas behemoth Gazprom OAO (OTCMKTS: OGZPY), Aeroflot – Russian Airlines OJSC (OTC: AERZY) and Lukoil (OTCMKTS: LUKOY). In addition, there were once a number of regional Russian telecommunications stocks with ADRs, but these were largely rolled up or merged into long-distance telephony provider MiMES Rostelekom OAO (OTCMKTS: ROSYY) in 2012-2013. Finally, there are three Eastern Europe closed-end funds or Russia closed-end funds, the Central Europe Russia and Turkey Fund Inc (NYSE: CEE), Morgan Stanley Eastern Europe Fund, Inc (NYSE: RNE) and Templeton Russia and East European Fund, Inc (NYSE: TRF), plus our Eastern Europe ETF list, Eastern Europe ETF Region Wide list and BRIC ETF list containing ETFs that would offer investors varying degrees exposure to Russian stocks while our Russia ETF list contains ETFs with direct exposure.
Note: If there are any ADRs to add or remove from this list or there are bad links, please write a note in the comments section so it can be fixed. Likewise, adding any other comments or advice would also be appreciated.
List of Russia ADRs Trading on Major US Stock Exchanges & the Over-the-Counter (OTC) Exchange
Russian Stock Exchanges
The Moscow Exchange was established near the end of 2011 by the merger of the two largest Moscow-based exchanges, the Moscow Interbank Currency Exchange (MICEX) and the Russian Trading System (RTS). Both exchanges had been formed in the 1990s and were the leading Russian exchanges for two decades with their MICEX Index and the RTS Index. The Moscow Exchange completed its IPO on February 15, 2013 when it raised 15 billion rubles (approximately $500 million) – the largest ever IPO held exclusively in Moscow.
In addition, the Stock Exchange Saint-Petersburg (SPBEX) is the largest stock exchange outside of Moscow with origins dating back to 1991.
Here are some useful and mostly English news resources for investing in Russian ADRs or stocks or about Russia in general:
- Business New Europe
- Committee for Russian Economic Freedom
- RusBase.com (Russian Startups Going Global)
- Russia Beyond The Headlines
- Russia Insider
- Sputnik International (Russia Edition)
- The Moscow Times
- The St. Petersburg Times
- The Voice of Russia
Note: If you have a good blog or other useful resource for investing in Russia about Russia stocks in general, please let us know as we would be happy to do a link exchange.