The Russian stock market refers to the stock exchanges and related financial institutions in Russia where stocks and other securities are traded. The two primary stock exchanges in Russia are the Moscow Exchange (MOEX) and the Saint Petersburg Exchange.

The Moscow Exchange is the largest exchange in Russia and one of the largest in Europe, with a market capitalization of over $1 trillion. It offers trading in a variety of financial instruments, including stocks, bonds, currencies, and derivatives.

The Saint Petersburg Exchange, while smaller than the Moscow Exchange, is still an important player in the Russian stock market. It specializes in trading commodities and is particularly known for its oil and gas trading.

Investing in the Russian stock market can be both rewarding and challenging. Russia has a significant natural resource base, and its companies are heavily involved in the energy and mining sectors. However, there are also significant geopolitical risks associated with investing in Russia, and the country's economy can be vulnerable to fluctuations in oil and gas prices.

Overall, investing in the Russian stock market requires careful consideration of the risks and potential rewards, and investors should conduct thorough research and seek professional advice before making any investment decisions.