2016 was an excellent year for the Moscow stock market. Russia demonstrated signs of returning to increased growth and investors have enhanced their exposure to Russia-based investment vesicles, especially as newly-elected US President Trump's positive attitude towards the country and its leader is considered as a gesture of forthcoming geopolitical stability. With the rouble value greatly increasing against the Eurozone currency, this also could bring positive changes for the economy of Cyprus because of its long-lasting economic and trade relations with Russia.