100-581: Helikon Opera is a Russian opera company based in Moscow , specializing in unconventional productions. Their main performing base is the 250 seat Mayakovsky Theater , the former ballroom in the palace of the Shakhovskoi-Glebov-Streshneva family who were patrons of the arts in 19th century Moscow. The company was founded by Dmitry Bertman and gave its first performance, Stravinsky 's Mavra , on April 10, 1990. Helikon Opera gives 200 performances
200-463: A centre for finance in the Middle East , including for Islamic finance . The rapid rise of India has enabled Mumbai to become an emerging financial centre. India is also making an International Financial Centre GIFT City from scratch. GIFT city is now functional and has already won the crown of fastest emerging International Finance Centre of South Asia. Linked to the rise of these new IFCs, has seen
300-415: A daily newspaper. In the 1830s, general Alexander Bashilov planned the first regular grid of city streets north from Petrovsky Palace. Khodynka field south of the highway was used for military training. Smolensky Rail station (forerunner of Belorussky Rail Terminal ) was inaugurated in 1870. Sokolniki Park , in the 18th century the home of the tsar's falconers well outside Moscow, became contiguous with
400-524: A financial city: "a pool of capital to lend or invest; a decent legal and taxation framework; and high-quality human resources". New York, London, and Tokyo are in every list of major IFCs. Some of the major RFCs (see below), such as Paris, Frankfurt, Chicago, and Shanghai appear as IFCs in some lists. These centres appear in all FSF–IMF lists of OFCs and, bar the Caribbean OFCs of the Cayman Islands,
500-542: A leading international financial centre since the 19th century , acting as a centre of lending and investment around the world. English contract law was adopted widely for international finance , with legal services provided in London. Financial institutions located there provided services internationally such as Lloyd's of London (founded 1686) for insurance and the Baltic Exchange (founded 1744) for shipping. During
600-527: A major financial centre in the 1980s as the Japanese economy became one of the largest in the world. Hong Kong and Singapore developed soon after leveraging their links with London and Britain. In the 21st century, other centres have grown including Toronto, Sydney, Seoul, Shanghai and Astana . Astana International Financial Centre has become the fastest growing financial hub in Central Asia. Dubai has become
700-572: A prosperous city that would eclipse its parent principality of Vladimir by the 1320s. On the right bank of the Moskva River, at a distance of eight kilometres (5 mi) from the Kremlin, by 1282 Daniel founded the first monastery with the wooden church of St. Daniel-Stylite, which is now the Danilov Monastery. Daniel died in 1303, aged 42. Before his death, he became a monk and, according to his will,
800-503: A record 411 hours in July 2014, 79% of possible sunshine. December 2017 was the darkest month in Moscow since records began, with only six minutes of sunlight. Temperatures in the centre of Moscow are often significantly higher than in the outskirts and nearby suburbs, especially in winter. For example, if the average January temperature in the north-east of Moscow is −6.2 °C (20.8 °F), in
900-448: A symptom of disorderly lifestyles of lower-class Russians recently arrived from the farms. Elites called for improved sanitation, which became part of Catherine's plans for increasing control over social life. National political and military successes from 1812 through 1855 calmed the critics and validated efforts to produce a more enlightened and stable society. There was less discussion about the poor conditions of public health. However, in
1000-499: A week or two at a time. In the winter, average temperatures normally drop to approximately −10 °C (14 °F), though almost every winter there are periods of warmth with day temperatures rising above 0 °C (32 °F), and periods of cooling with night temperatures falling below −20 °C (−4 °F). These periods usually last about a week or two. The growing season in Moscow normally lasts for 156 days usually around 1 May to 5 October. The highest temperature ever recorded
1100-420: A wide range of financial services , for example relating to mergers and acquisitions , public offerings , or corporate actions ; or which participate in other areas of finance , such as private equity , hedge funds , and reinsurance . Ancillary financial services include rating agencies , as well as provision of related professional services , particularly legal advice and accounting services. As of
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#17330859187241200-1212: A working paper on OFCs, but which also proposed a taxonomy on classifying the various types of global financial centres, which they listed as follows (with the description and examples they noted as typical of each category, also noted): The IMF noted that the three categories were not mutually exclusive and that various locations could fall under the definition of an OFC and an RFC, in particular (e.g. Singapore and Hong Kong were cited). International Financial Centres, and many Regional Financial Centres, are full–service financial centres with direct access to large capital pools from banks, insurance companies, investment funds, and listed capital markets, and are major global cities . Offshore Financial Centres, and also some Regional Financial Centres, tend to specialise in tax-driven services, such as corporate tax planning tools , tax–neutral vehicles, and shadow banking / securitisation , and can include smaller locations (e.g. Luxembourg ), or city-states (e.g. Singapore). Since 2010, academics consider Offshore Financial Centres synonymous with tax havens . The IMF noted that OFCs could be set up for legitimate purposes (listing various reasons), but also for what
1300-534: A year, primarily in Moscow but also abroad, performing in the UK for the first time in 1997. The company's repertoire includes both mainstream works and rarely performed operas and chamber operas . In the past they have staged Fleishman 's Rothschild's Violin , Hindemith 's Hin und zurück and Prokofiev 's Maddalena and were the first company to revive Tchaikovsky 's Undine (1994) and to stage Prokofiev's The Ugly Duckling (1992). In October 2010, Helikon gave
1400-528: Is 19.7 °C (67.5 °F). The lowest ever recorded temperature was −42.1 °C (−43.8 °F) in January 1940. Snow, which is present for about five months a year, often begins to fall mid-October, while snow cover lies in late November and melts at the end of March. On average, Moscow has 1731 hours of sunshine per year, varying from a low of 8% in December to 52% from May to August. This large annual variation
1500-458: Is a diverse range of financial centres worldwide. While New York and London often stand out as the leading global financial centres, other established financial centres provide significant competition and several newer financial centres are developing. Despite this proliferation of financial centres, academics have discussed evidence showing increasing concentration of financial activity in the largest national and international financial centres in
1600-656: Is a surname, most common in Russia, Bulgaria , Ukraine and North Macedonia . Additionally, there are similarly named places in Poland like Mozgawa . According to a Finno-Ugric hypothesis, the Merya and Muroma people, who were among the pre-Slavic tribes which inhabited the area, called the river Mustajoki "Black river", and the name of the river derives from this term. Other theories, having little or no scientific basis, are rejected by linguists. The original Old Russian form of
1700-472: Is about −7.0 °C (19.4 °F). At the end of January–February it is often colder, with frosts reaching −30.0 °C (−22.0 °F) a few nights per year (2006, 2010, 2011, 2012, and 2013). The last decade was the warmest in the history of meteorological observations of Moscow. Temperature changes in the city are depicted in the table below: Moscow is one of the few cities with paleontological monuments of world significance on its territory. One of them
1800-480: Is due to convective cloud formation. In the winter, moist air from the Atlantic condenses in the cold continental interior, resulting in very overcast conditions. However, this same continental influence results in considerably sunnier summers than oceanic cities of similar latitude such as Edinburgh . Between 2004 and 2010, the average was between 1800 and 2000 hours with a tendency to more sunshine in summer months, up to
1900-437: Is global, not regional. During the summer, extreme heat is often observed in the city (2001, 2002, 2003, 2010 , 2011, 2021 ). Along with a southern part of Central Russia , after recent years of hot summer seasons, the climate of the city gets hot-summer classification trends. Winter also became significantly milder: for example, the average January temperature in the early 1900s was −12.0 °C (10.4 °F), while now it
2000-527: Is home to Russian companies in different industries and is served by a comprehensive transit network, which includes four international airports , ten railway terminals, a tram system , a monorail system , and the Moscow Metro , which is the busiest metro system in Europe and one of the largest rapid transit systems in the world. The city has over 40 percent of its territory covered by greenery, making it one of
2100-628: Is one of twelve Hero Cities . The demonym for a Moscow resident is rendered as Muscovite in English. The site of modern-day Moscow has been inhabited since prehistoric times. Among the earliest finds are relics of the Lyalovo culture , which experts assign to the Neolithic period. They confirm that the first inhabitants of the area were hunters and gatherers. Around 950 AD, two Slavic tribes, Vyatichi and Krivichi , settled here. The Vyatichi may have formed
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#17330859187242200-733: Is the Gorodnya River with its tributaries, on the banks of which outcrops of the Quaternary and older Cretaceous periods are located. Fossils of the bivalve mollusk Inoceramus kleinii and tubular passages of burrowing animals, described in 2017 as a new ichnospecies Skolithos gorodnensis , were discovered in the Coniacian deposits near the stream bed of the Bolshaya Glinka River. Ichnogenera Diplocraterion , Planolites , Skolithos and possibly Ophiomorpha were found in
2300-964: The 2021 Russian census , the population was 13,010,112; up from 11,503,501 in the 2010 Russian census . Financial centre A financial centre ( financial center in American English ) or financial hub is a location with a significant concentration of participants in banking asset management , insurance , and financial markets , with venues and supporting services for these activities to take place. Participants can include financial intermediaries (such as banks and brokers), institutional investors (such as investment managers, pension funds , insurers, and hedge funds ), and issuers (such as companies and governments). Trading activity can take place on venues such as exchanges and involve clearing houses , although many transactions take place over-the-counter (OTC), directly between participants. Financial centres usually host companies that offer
2400-564: The Albian deposits. Paleolithic flint tools were discovered in the Quaternary deposits of the Bolshaya Glinka stream bed. In 1878, paleontologist Hermann Trautschold discovered the left flipper of an ichthyosaur near the village of Mnevniki, which later became part of Moscow. In 2014, the animal was named Undorosaurus trautscholdi , after its discoverer. Trautschold determined the age of
2500-860: The Global Financial Centres Index and the Xinhua–Dow Jones International Financial Centres Development Index . The Global Financial Centres Index ("GFCI") is compiled semi-annually by the London -based think tank Z/Yen in conjunction with the Shenzhen -based think tank China Development Institute . The 36th edition of the GFCI was published in September 2024. Old finance centres such as Amsterdam, London, Paris, and New York have long histories . Today there
2600-521: The Italian city-states (such as Venice and Genoa ) of the late medieval and early Renaissance periods while Florence can be said to be the birthplace of double-entry bookkeeping from the publication and proliferation of the work of Luca Pacioli . In the sixteenth century, the overall economic supremacy of the Italian city-states gradually waned, and the centre of financial activities in Europe shifted to
2700-457: The Low Countries , first to Bruges , and later to Antwerp and Amsterdam which acted as Entrepôt cities. They also became important centres of financial innovation, capital accumulation and investment. By the early 1800s, London officially replaced Amsterdam as the world's leading financial centre. London and Paris were the world's only prominent financial centres throughout most of
2800-741: The Moja Ulitsa (in English: My Street ) urban redevelopment program or the Residency renovation one. By its territorial expansion on 1 July 2012, southwest into the Moscow Oblast the area of the capital more than doubled, going from 1,091 to 2,511 square kilometers (421 to 970 sq mi), resulting in Moscow becoming the largest city on the European continent by area; it also gained an additional population of 233,000 people. The annexed territory
2900-524: The Moskva and Neglinnaya and be filled with water from Neglinnaya. Known as the Alevizov moat and with a length of 541 metres (1,775 feet), width of 36 metres (118 feet), and depth of 9.5 to 13 metres (31–43 feet) was lined with limestone and, in 1533, fenced on both sides with low, four-metre-thick (13-foot) cogged-brick walls. In the 16th and 17th centuries, three circular defenses were built: Kitay-gorod ,
3000-532: The Republic of Crimea . The areas operate in what is referred to in international standards as Moscow Standard Time (MSK, МСК ) , which is 3 hours ahead of UTC , or UTC+3 . Daylight saving time is no longer observed. According to the geographical longitude the average solar noon in Moscow occurs at 12:30. Moscow has a humid continental climate ( Köppen : Dfb ) with long, cold (although average by Russian standards) winters usually lasting from mid-November to
3100-667: The Wehrmacht and 650,000-1,280,000 for the Red Army. During the postwar years, there was a housing crisis, solved by the invention of high-rise apartments . There are over 11,000 of these standardised and prefabricated apartment blocks, housing most of Moscow's population, making it by far the city with the most high-rise buildings. Apartments were built and partly furnished in the factory, before being raised and stacked into tall columns. The popular Soviet-era comic film Irony of Fate parodies this construction method. The city of Zelenograd
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3200-556: The "White-Walled". The city's limits as marked by the ramparts, are now marked by the Garden Ring . Three square gates existed on the east side of the Kremlin wall, which in the 17th century, were known as Konstantino-Eleninsky, Spassky, Nikolsky (after the icons of Constantine and Helen, the Saviour and St. Nicholas that hung over them). The last two were directly opposite the Red Square, while
3300-589: The 11th century in the Kingdom of England at the annual fair of St. Giles and in the Kingdom of Germany at the Frankfurt autumn fair, then developed in medieval France during the Champaign Fairs. The first real international financial centre was the city state of Venice which slowly emerged from the 9th century to its peak in the 14th century. Tradable bonds as a commonly used type of security, were invented by
3400-418: The 15th century, but it was developed into a prestigious area during the 18th century. It was destroyed in the fire of 1812 and was rebuilt completely in the early 19th century. Moscow State University was established in 1755. Its main building was reconstructed after the 1812 fire by Domenico Giliardi . The Moskovskiye Vedomosti newspaper appeared from 1756, originally in weekly intervals, and from 1859 as
3500-432: The 1990s to 2000s, its population rising from below nine to above ten million. Mason and Nigmatullina argue that Soviet-era urban-growth controls produced controlled and sustainable metropolitan development, typified by the greenbelt built in 1935. Since then, however, there has been a dramatic growth of low-density suburban sprawl, created by heavy demand for single-family dwellings as opposed to crowded apartments. In 1995–97
3600-595: The 19th century. After 1870, Berlin and New York grew to become major financial centres mainly serving their national economies. An array of smaller international financial centres found market niches , such as Amsterdam, Brussels , Zurich , and Geneva . London was the leading international financial centre in the four decades before World War I . Since then, New York and London have developed leading positions in different activities and some non-Western financial centres have grown in prominence, notably Tokyo , Hong Kong , Singapore and Shanghai . London has been
3700-582: The 2024 edition of the Global Financial Centres Index , New York City , London and Hong Kong ranked top 3 globally, while other well known financial centres include Singapore , Shanghai , Frankfurt and Tokyo , amongst others. In April 2000, the Financial Stability Forum ("FSF"), concerned about OFCs on global financial stability produced a report listing 42 OFCs. In June 2000, the International Monetary Fund (IMF) published
3800-477: The 20th century London played an important role in the development of new financial products such as the Eurodollar and Eurobonds in the 1960s, international asset management and international equities trading in the 1980s, and derivatives in the 1990s. London continues to maintain a leading position as a financial centre in the 21st century, and maintains the largest trade surplus in financial services around
3900-477: The 21st century. Others have discussed the ongoing dominance of New York and London, and the role linkages between these two financial centres played in the financial crisis of 2007–08 . Comparisons of financial centres focus on their history, role and significance in serving national, regional and international financial activity. Each centre's offering includes differing legal, tax and regulatory environments. One journalist suggested three factors for success as
4000-539: The British Virgin Islands, and Bermuda, represent all the major OFCs. Some also appear as RFCs in various lists, particularly Hong Kong, and Singapore. They also appear on most lists of major tax havens , and on lists of the largest Conduit and Sink OFCs in the world. In some lists, RFCs such as Paris, Frankfurt, Chicago, and Shanghai appear as IFCs, however, they do not appear in all lists. They are certainly major RFCs. Primitive financial centres started in
4100-468: The Conduit OFC's extensive networks of global bilateral tax treaties . Because Sink OFCs are more closely associated with traditional tax havens, they tend to have more limited treaty networks and access to global higher–tax locations. Prior to the 1960s, there was little data available to rank financial centres. In recent years many rankings have been developed and published. Two of the most relevant are
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4200-695: The General Staff of the Red Army were located in Moscow. In 1941, 16 divisions of the national volunteers (more than 160,000 people), 25 battalions, and 4 engineering regiments were formed among the Muscovites. Between October 1941 and January 1942, the German Army Group Centre was stopped at the outskirts of the city, then driven off in the Battle of Moscow . Many factories were evacuated, together with much of
4300-493: The IMF called dubious purposes , citing tax evasion and money–laundering. In 2007, the IMF produced the following definition of an OFC: a country or jurisdiction that provides financial services to nonresidents on a scale that is incommensurate with the size and the financing of its domestic economy . The FSF annual reports on global shadow banking use the IMF definition to track the OFCs with
4400-595: The Konstantino-Elenensky gate was located behind Saint Basil's Cathedral. The Russian famine of 1601–03 killed perhaps 100,000 in Moscow. Between 1610 and 1612, troops of the Polish–Lithuanian Commonwealth occupied Moscow, as its ruler Sigismund III tried to take the Russian throne. In 1612, Nizhny Novgorod and other Russian cities led by prince Dmitry Pozharsky and Kuzma Minin rose against
4500-519: The MKAD ring road was widened from the initial four to ten lanes. In December 2002 Bulvar Dmitriya Donskogo became the first Moscow Metro station that opened beyond the limits of MKAD. The Third Ring Road , intermediate between the early 19th-century Garden Ring and the Soviet-era outer ring road, was completed in 2004. The greenbelt is becoming more and more fragmented, and satellite cities are appearing at
4600-534: The Mongols under Batu Khan burned the city to the ground and killed its inhabitants. The timber fort na Moskvě "on the Moscow River" was inherited by Daniel , the youngest son of Alexander Nevsky , in the 1260s. Daniel was still a child at the time, and the big fort was governed by tiuns (deputies), appointed by Daniel's paternal uncle, Yaroslav of Tver . Daniel came of age in the 1270s and became involved in
4700-778: The Polish occupants, besieged the Kremlin, and expelled them . In 1613, the Zemsky Sobor elected Michael Romanov tsar, establishing the Romanov dynasty . The 17th century saw several risings, such as the liberation of Moscow from the Polish–Lithuanian invaders (1612), the Salt Riot (1648), the Copper Riot (1662), and the Moscow Uprising of 1682 . During the first half of the 17th century,
4800-698: The US and other Western countries due to the Soviet Union's invasion of Afghanistan in 1979. In 1991 Moscow was the scene of a coup attempt by conservative communists opposed to the liberal reforms of Mikhail Gorbachev . When the USSR was dissolved in 1991, Moscow remained the capital of the Russian Federation . Since then, a market economy has emerged, producing an explosion of Western-style retailing, services, architecture, and lifestyles. The city continued to grow during
4900-602: The White City and the Earthen City. However, in 1547, fires destroyed much of the town, and in 1571 the Crimean Tatars captured Moscow , burning everything except the Kremlin. The annals record that only 30,000 of 200,000 inhabitants survived. The Crimean Tatars attacked again in 1591, but were held back by new walls, built between 1584 and 1591 by a craftsman named Fyodor Kon . In 1592, an outer earth rampart with 50 towers
5000-511: The academic lists of tax havens include all the FSF–IMF OFCs). In July 2017, a study by the University of Amsterdam 's CORPNET group, broke down the definition of an OFC into two subgroups, Conduit and Sink OFCs : Sink OFCs rely on Conduit OFCs to re–route funds from high–tax locations using base erosion and profit shifting ("BEPS") tax planning tools, which are encoded, and accepted, in
5100-616: The actual 20th anniversary of the victory in World War II, Moscow was awarded a title of the Hero City . The Moscow Ring Road (MKAD) was opened in 1961. It had four lanes running 109 kilometres (68 miles) along the city borders. The MKAD marked the administrative boundaries of the city until the 1980s, when outlying suburbs beyond the ring road were incorporated. In 1980, Moscow hosted the Summer Olympic Games , which were boycotted by
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#17330859187245200-507: The ancient " Novgorod Chronicle " and made it a propaganda vehicle for his regime. The original Moscow Kremlin was built in the 14th century. It was reconstructed by Ivan, who in the 1480s invited architects from Renaissance Italy , such as Petrus Antonius Solarius , who designed the new Kremlin wall and its towers, and Marco Ruffo who designed the new palace for the prince. The Kremlin walls as they now appear are those designed by Solarius, completed in 1495. The Kremlin's Great Bell Tower
5300-663: The capital of the Grand Duchy of Moscow . When the Tsardom of Russia was proclaimed, Moscow remained the political and economic center for most of its history. Under the reign of Peter the Great , the Russian capital was moved to the newly founded city of Saint Petersburg in 1712, decreasing Moscow's influence. Following the Russian Revolution and the establishment of the Russian SFSR ,
5400-499: The capital was moved back to Moscow in 1918, where it later became the political center of the Soviet Union . In the aftermath of the dissolution of the Soviet Union , Moscow remained the capital city of the newly established Russian Federation. The northernmost and coldest megacity in the world, Moscow is governed as a federal city , where it serves as the political, economic, cultural, and scientific center of Russia and Eastern Europe . As an alpha world city , Moscow has one of
5500-441: The city and −30 °C (−22 °F) in the suburbs to above 5 °C (41 °F) in the winter, and from 10 to 35 °C (50 to 95 °F) in the summer. Typical high temperatures in the warm months of June, July, and August are around a comfortable 20 to 26 °C (68 to 79 °F), but during heat waves (which can occur between May and September), daytime high temperatures often exceed 30 °C (86 °F), sometimes for
5600-449: The city. The plague epidemics ravaged Moscow in 1570–1571, 1592 and 1654–1656. The plague killed upwards of 80% of the people in 1654–55. Fires burned out much of the wooden city in 1626 and 1648. In 1712 Peter the Great moved his government to the newly built Saint Petersburg on the Baltic coast. After losing the status as capital, the population at first decreased, from 200,000 in the 17th century to 130,000 in 1750. But after 1750,
5700-447: The course of the Russo-Polish War (1654–1667) . These new outskirts became known as the Meshchanskaya sloboda , after Ruthenian meshchane "town people". The term meshchane acquired pejorative connotations in 18th-century Russia and today means "petty bourgeois" or "narrow-minded philistine". The entire city of the late 17th century are contained within what is today Moscow's Central Administrative Okrug . Numerous disasters befell
5800-464: The destruction during the French occupation, a Commission for the Construction of the City of Moscow was established. It launched a great program of rebuilding, including a partial replanning of the centre. Among many buildings constructed, or reconstructed, was the Grand Kremlin Palace and the Kremlin Armoury , the Moscow University , the Moscow Manege (Riding School), and the Bolshoi Theatre . The Arbat Street had been in existence since at least
5900-400: The end of March, and warm summers. More extreme continental climates at the same latitude – such as parts of Eastern Canada or Siberia – have much colder winters than Moscow, suggesting that there is still significant moderation from the Atlantic Ocean despite the fact that Moscow is far from the sea. Weather can fluctuate widely, with temperatures ranging from −25 °C (−13 °F) in
6000-429: The end of the 1920s. A new anti-religious campaign, launched in 1929, coincided with the collectivization of peasants; the destruction of churches in the cities peaked around 1932. In 1937 letters were written to the Central Committee of the Communist Party of the Soviet Union to rename Moscow to "Stalindar" or "Stalinodar". Stalin rejected this suggestion. During World War II, the Soviet State Committee of Defence and
6100-431: The expanding city in the later 19th century and was developed into a public municipal park in 1878. The suburban Savyolovsky Rail Terminal was built in 1902. In January 1905, the institution of the City Governor, or Mayor , was officially introduced, and Alexander Adrianov became Moscow's first official mayor. When Catherine II came to power in 1762, the city's filth and the smell of sewage were depicted by observers as
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#17330859187246200-503: The first performance of Tchaikovsky's Mazeppa to be seen in Moscow in six years. Moscow Moscow is the capital and largest city of Russia . The city stands on the Moskva River in Central Russia , with a population estimated at over 13 million residents within the city limits, over 19.1 million residents in the urban area, and over 21.5 million residents in its metropolitan area . The city covers an area of 2,511 square kilometers (970 sq mi), while
6300-416: The focus of new worldwide growth. One source described New York as extending its lead as the world's centre of finance in September 2018; according to Reuters , the think-tank New Financial concluded the "raw" value of domestic and international financial activity like managing assets and issuing equity underscored the position of New York as the world's leading financial centre. New York City remains
6400-411: The fringe. Summer dachas are being converted into year-round residences, and with the proliferation of automobiles there is heavy traffic congestion. Multiple old churches and other examples of architectural heritage that had been demolished during the Stalin era have been restored, such as the Cathedral of Christ the Saviour . In 2010s Moscow's Administration has launched some long duration projects like
6500-546: The government, and from 20 October the city was declared to be in a siege. Its remaining inhabitants built and manned antitank defenses, while the city was bombarded from the air. On 1 May 1944, a medal "For the defence of Moscow" and in 1947 another medal "In memory of the 800th anniversary of Moscow" was instituted. German and Soviet casualties during the battle have been debated, as sources provide different estimates. Total casualties between 30 September 1941, and 7 January 1942, are estimated to be between 248,000 and 400,000 for
6600-646: The greenest cities in the world. The city's name is thought to be derived from the Moskva River . Theories of the origin of the name of the river have been proposed. The most linguistically well-grounded and widely accepted is from the Proto-Balto-Slavic root * mŭzg -/ muzg - from the Proto-Indo-European * meu - "wet", so the name Moskva might signify a river at a wetland or marsh. Its cognates include Russian : музга , muzga "pool, puddle", Lithuanian : mazgoti and Latvian : mazgāt "to wash", Sanskrit : májjati "to drown", Latin : mergō "to dip, immerse". In many Slavic countries Moskov
6700-536: The largest centre for trading in public equity and debt capital markets , driven in part by the size and financial development of the U.S. economy . The NYSE and NASDAQ are the two largest stock exchanges in the world. New York also leads in hedge fund management; private equity ; and the monetary volume of mergers and acquisitions . Several investment banks and investment managers headquartered in New York City are important participants in other financial centres. The New York Federal Reserve Bank ,
6800-419: The largest financial centres relative to their domestic economies. Progress from 2000 onwards from IMF – OECD – FATF initiatives on common standards, regulatory compliance , and banking transparency, has reduced the regulatory attraction of OFCs over IFCs and RFCs. Since 2010, academics considered the services of OFCs to be synonymous with tax havens , and use the term OFC and tax haven interchangeably (e.g.
6900-417: The largest within the Federal Reserve System , regulates financial institutions and implements U.S. monetary policy , which in turn influences the world's economy. The three major global credit rating agencies – Standard and Poor's , Moody's Ratings , and Fitch Ratings – are headquartered or co–headquartered in New York City, with Fitch being co–headquartered in London. In Asia , Tokyo emerged as
7000-427: The latter forms came the modern Russian name Москва , Moskva , which is a result of morphological generalization with the numerous Slavic ā -stem nouns . The form Moskovĭ has left traces in other languages, including English: Moscow ; German : Moskau ; French : Moscou ; Portuguese : Moscou, Moscovo ; and Spanish : Moscú . Moscow has acquired epithets , such as The Third Rome . Moscow
7100-417: The leading Moscow weather station is situated, is 156 metres (512 feet). Teplostan Upland is the city's highest point at 255 metres (837 feet). The width of Moscow city (not limiting MKAD ) from west to east is 39.7 km (24.7 mi), and the length from north to south is 51.8 km (32.2 mi). Moscow serves as the reference point for the time zone used in most of European Russia , Belarus and
7200-459: The majority of Moscow's indigenous population. The first known reference to Moscow was in 1147, as a meeting place of Yuri Dolgorukiy and Sviatoslav Olgovich . At the time it was a minor town on the western border of Vladimir-Suzdal Principality. In 1156, Dolgorukiy fortified the town by creating a wooden wall; this structure became the Kremlin. In the course of the Mongol invasion of Kievan Rus' ,
7300-519: The medieval Muscovy state). He began fighting the Tatars, enlarged the territory of Muscovy, and enriched his capital city. By 1500 it had a population of 100,000 and was one of the largest cities in the world. He conquered the far larger principality of Novgorod to the north, which had been allied to the hostile Lithuanians. Thus he enlarged the territory sevenfold, from 430,000 to 2,800,000 square kilometres (170,000 to 1,080,000 square miles). He took control of
7400-500: The moat. Books were sold on this bridge and stone platforms were built nearby for guns – "raskats". The Tsar Cannon was located on the platform of the Lobnoye mesto . The road connecting Moscow with St. Petersburg, now the M10 highway , was completed in 1746, its Moscow end following the old Tver road, which had existed since the 16th century. It became known as Peterburskoye Schosse after it
7500-589: The most powerful cities in Russia. In 1380, prince Dmitry Donskoy of Moscow led a united Russian army to an important victory over the Mongols in the Battle of Kulikovo . Afterward, Moscow took the leading role in liberating Russia from Mongol domination. In 1480, Ivan III had finally broken the Russians free from Tatar control, and Moscow became the capital of an empire that would eventually encompass all of Russia and Siberia , and parts of many other lands. In 1462 Ivan III became Grand Prince of Moscow (then part of
7600-472: The name is reconstructed as * Москы , * Mosky , hence it was one of a few Slavic ū -stem nouns . As with other nouns of that declension, it had been undergoing a morphological transformation at the early stage of the development of the language, as a result, the first written references in the 12th century were Московь , Moskovĭ ( accusative case ), Москви , Moskvi ( locative case ), Москвe/Москвѣ , Moskve/Moskvě ( genitive case ). From
7700-424: The population doubled from 100,000 to 200,000, and it expanded beyond its ramparts in the latter part of the century. In the middle of the 17th century, 20% of Moscow suburb's inhabitants were from the Grand Duchy of Lithuania , being driven from their homeland by Muscovite invaders. By 1682, there were 692 households established north of the ramparts, by Ukrainians and Belarusians abducted from their hometowns in
7800-523: The population grew tenfold over the remaining duration of the Russian Empire, reaching 1.8 million by 1915. The 1770–1772 Russian plague killed up to 100,000 people in Moscow. By 1700, the building of cobbled roads had begun. In 1730, permanent street lights were introduced, and by 1867 many streets had a gaslight. In 1883, near the Prechistinskiye Gates, arc lamps were installed. In 1741 Moscow
7900-491: The power struggles of the principality with lasting success, siding with his brother Dmitry in his bid for the rule of Novgorod . From 1283 he acted as the ruler of an independent principality alongside Dmitry, who became Grand Duke of Vladimir . Daniel has been credited with founding the first Moscow monasteries, dedicated to the Lord's Epiphany and to Saint Daniel. Daniel ruled Moscow as Grand Duke until 1303 and established it as
8000-543: The rise of "partner OFCs" (offshore tax-havens to which funds are routed), such as Taiwan (a major Sink OFC for Asia, and 7th largest global Sink OFC), Mauritius (a major Sink OFC for South Asia, especially India, and Africa, and the 9th largest global Sink OFC). The private nationwide financial system in China was first developed by the Shanxi merchants , with the creation of so-called "draft banks". The first draft bank Rishengchang
8100-787: The second largest concentration of hedge funds (847 according to HedgeLists.com). London benefits from its position between the Asia and U.S. time zones, and benefited from its location within the European Union , although this ended on 31 January 2020 when the United Kingdom left the European Union following the Brexit referendum of 2016. As well as the London Stock Exchange , the Bank of England ,
8200-663: The second oldest central bank, is in London, although the European Banking Authority moved to Paris after Brexit. Since the middle of the 20th century, New York City, represented by Wall Street in Manhattan's Financial District , has been described as a leading financial centre. Over the past few decades, with the rise of a multipolar world with new regional powers and global capitalism , numerous financial centres have challenged Wall Street, particularly London and several in Asia, which some analysts believe will be
8300-574: The sediments from which the specimen was taken to be Kimmeridgian , but, according to more recent studies, they were formed in the Tithonian age of the Jurassic period. Albian foraminifera and ammonites also known from the Moscow deposits. Fossils of various organisms are on display in Moscow museums, including the Orlov Museum of Paleontology and Vernadsky State Geological Museum . According to
8400-579: The sole collector of taxes for the Mongol rulers, making Moscow the capital of Vladimir-Suzdal . By paying high tribute, Ivan won an important concession from the Khan . While the Khan of the Golden Horde initially attempted to limit Moscow's influence, when the growth of the Grand Duchy of Lithuania began to threaten all of Russia, the Khan strengthened Moscow to counterbalance Lithuania, allowing it to become one of
8500-439: The suburbs it is about −8.3 °C (17.1 °F). The temperature difference between the centre of Moscow and nearby areas of Moscow Oblast can sometimes be more than 10 °C (18 °F) on frosty winter nights. Recent changes in Moscow's regional climate, since it is in the mid-latitudes of the northern hemisphere, are often cited by climate scientists as evidence of global warming , though by definition, climate change
8600-436: The urban area covers 5,891 square kilometers (2,275 sq mi), and the metropolitan area covers over 26,000 square kilometers (10,000 sq mi). Moscow is among the world's largest cities , being the most populous city in its entirety in Europe, the largest urban and metropolitan area in Europe, and the largest city by land area on the European continent. First documented in 1147, Moscow grew to serve as
8700-597: The wake of Russia's failures in the Crimean War in 1855–56, confidence in the ability of the state to maintain order in the slums eroded, and demands for improved public health put it back on the agenda. In 1903 the Moskvoretskaya water supply was completed. In November 1917, upon learning of the uprising in Petrograd , Moscow's Bolsheviks began their uprising . On 2 November (15), 1917, after heavy fighting, Soviet power
8800-405: The world's largest urban economies . The city is one of the fastest-growing tourist destinations and is one of Europe's most visited cities . Moscow has the second-highest number of billionaires of any city (tied with Hong Kong ). The Moscow International Business Center is one of the largest financial centers in the world and features the majority of Europe's tallest skyscrapers . Moscow
8900-475: The world. However, like New York, it faces new competitors including fast-rising eastern financial centres such as Hong Kong and Shanghai. London is the largest centre for derivatives markets , foreign exchange markets , money markets , issuance of international debt securities , international insurance , trading in gold, silver and base metals through the London bullion market and London Metal Exchange , and international bank lending . London has
9000-459: Was 38.2 °C (100.8 °F) at the VVC weather station and 39.0 °C (102.2 °F) in the center of Moscow and Domodedovo airport on 29 July 2010, during the unusual 2010 Northern Hemisphere summer heat waves . Record high and average temperatures were recorded for January, March, April, May, June, July, August, November, and December in 2007–2022. The average July temperature from 1991 to 2020
9100-513: Was built in 1505–08 and augmented to its present height in 1600. A trading settlement, or posad , grew up to the east of the Kremlin, in the area known as Zaradye . In the time of Ivan III, the Red Square , originally named the Hollow Field appeared. In 1508–1516, the Italian architect Aleviz Fryazin (Novy) arranged for the construction of a moat in front of the eastern wall, which would connect
9200-498: Was built in 1958 at 37 kilometres (23 miles) from the city centre to the north-west, along with the Leningradskoye Shosse , and incorporated as one of Moscow's administrative okrugs . Moscow State University moved to its campus on Sparrow Hills in 1953. In 1959 Nikita Khrushchev launched his anti-religious campaign . Of Moscow's fifty churches operating in 1959, thirty were closed and six demolished. On 8 May 1965, due to
9300-470: Was buried in the cemetery of the St. Daniel Monastery. Moscow was stable and prosperous for many years and attracted refugees from across Russia. The Rurikids maintained large landholdings by practicing primogeniture , whereby all land was passed to the eldest sons. By 1304, Yury of Moscow contested with Mikhail of Tver for the throne of the principality of Vladimir . Ivan I eventually defeated Tver to become
9400-527: Was created in 1823 in Pingyao . Some large draft banks had branches in Russia, Mongolia and Japan to facilitate the international trade. Throughout the nineteenth century, the central Shanxi region became the de facto financial centres of Qing China. With the fall of Qing Dynasty, the financial centres gradually shifted to Shanghai , mainly due to its geographical location at the estuary of the Yangtze River and to
9500-507: Was erected around the city, including an area on the right bank of the Moscow River. As an outermost line of defense, a chain of strongly fortified monasteries was established beyond the ramparts to the south and east, principally the Novodevichy Convent and Donskoy , Danilov , Simonov , Novospasskiy , and Andronikov monasteries, most of which now house museums. From its ramparts, the city became poetically known as Bielokamennaya ,
9600-421: Was established in Moscow. Vladimir Lenin , fearing invasion, moved the capital back to Moscow on 12 March 1918. The Kremlin once again became the seat of power, political centre of the new state. With the change in values imposed by communist ideology , the tradition of preserving cultural heritage was broken. Independent preservation societies, even those that defended only secular landmarks, were disbanded by
9700-613: Was officially named Новая Москва (New Moscow). Moscow is situated on the banks of the Moskva River , which flows for just over 500 km (311 mi) through the East European Plain in central Russia, not far from the natural border of the forest and forest- steppe zone. 49 bridges span the river and its canals within the city's limits. The elevation of Moscow at the All-Russia Exhibition Center (VVC), where
9800-596: Was paved in the 1780s. Petrovsky Palace was built in 1776–1780 by Matvey Kazakov . Between 1781 and 1804 the Mytischinskiy water pipe (the first in Russia) was built. When Napoleon invaded Russia in 1812, the Moscovites were evacuated. The Moscow fire was principally the effect of Russian sabotage. Napoleon's Grande Armée was forced to retreat and nearly annihilated by the devastating Russian winter. In 1813, following
9900-616: Was surrounded by a barricade 40 kilometres (25 mi) long, the Kamer-Kollezhskiy barrier, with 16 gates at which customs tolls were collected. Its line is traced today by several streets called val ("ramparts"). In the early 19th century, the Arch of Konstantino-Elenensky gate was paved with bricks, but the Spassky Gate was the main front gate of the Kremlin and used for royal entrances. From this gate, wooden and stone bridges stretched across
10000-584: Was the host city of the 1980 Summer Olympics and one of the host cities of the 2018 FIFA World Cup . The city contains several UNESCO World Heritage Sites and is known for its display of Russian architecture , particularly in areas such as the Red Square and buildings such as the Saint Basil's Cathedral and the Moscow Kremlin , the latter of which is the seat of power of the Government of Russia . Moscow
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