Russian ADRs falling

The Russian ADR market started decreasing yesterday amid a drop in themajority of world stock indices, including US and European indices. Thesituation on world markets is uncertain now, as investors are waiting for apossible alteration in the discount rate of the US Federal Reserve System.As far as the Russian ADR market is concerned, the market's operators arenot active. RAO UES securities have suffered the heaviest selling.According to the results of the deals with maximum volumes on the Europeanexchanges, prices of the most attractive Russian ADRs and price alterationscompared to the previous close were as follows (Euro/1ADR): Gazprom - 13.60(-1.10 percent ); LUKoil - 62.30 (-1.12 percent); Surgutneftegaz - 16.20(-2.78 percent); Tatneft - 11.95 (+0.42 percent); RAO UES - 8.80 (-3.41percent); Irkutskenergo - 2.90 (0.00 percent); Mosenergo - 2.55 (-1.96percent); Rostelecom - 6.50 (0.00 percent); VimpelCom - 24.20 (-0.83percent).At the New York Stock Exchange Russian ADRs continued moving upwards,except VimpelCom and Vimm-Bill-Dann securities that started going down. Theresults of the deals with Russian ADRs on the NYSE and price alterationscompared to the previous close were as follows (USD/1ADR): Rostelecom - 63/5 (-2.12 percent); MTS (ADS) - 26 2/3 (+0.64 percent); VimpelCom - 24(-0.92 percent); Tatneft - 12 (+1.24 percent); Vimm-Bill-Dann) - 19 (-0.37percent)..