The Russian stock market is experiencing a period of explosive growth. Over the past week, the shares of Russian companies have gone up significantly. The ruble-denominated MOEX Russian index has reached its high since the end of April and is currently trading near the level of 2,700. The dollar-denominated RTS index has also increased dramatically. It has hit a new high, coming close to the 1,170 mark. The Russian equity market seems to be among the first to benefit from the gradual lifting of restrictions imposed to fight the spread of the coronavirus pandemic. In addition, the upbeat news from oil markets has contributed to the surge in Russian shares. Oil prices have been rising for the second consecutive week. Brent crude oil is currently trading above $35 per barrel and it is unlikely to back down in the near future. That is why oil and gas companies are the leaders on the Moscow Exchange. Likewise, stocks on other global trading floors are experiencing a massive rally amid the reports of successful coronavirus vaccine testing by the US company which plans to carry out final tests in July.