Google is now more valuable than the entire Russian stock market. Russia’s stock market is now worth $325 billion while Google is valued at more than $340 billion, according to Bloomberg.
The news comes as Russia’s currency, the ruble, continues to stumble under pressure from declining oil prices and western sanctions. Russia’s gold reserves have also declined to their lowest point since 2009.
Google joins an elite list of companies, including Exxon Mobile, Microsoft and Apple, worth more than the entire Russian market.
PHOTOS: Inside Google’s New York City Office
Read next: Leaked Sony Emails Reveal How Much Movie Studios Hate Google
More Must-Reads From TIME
- The 100 Most Influential People of 2024
- Coco Gauff Is Playing for Herself Now
- Scenes From Pro-Palestinian Encampments Across U.S. Universities
- 6 Compliments That Land Every Time
- If You're Dating Right Now , You're Brave: Column
- The AI That Could Heal a Divided Internet
- Fallout Is a Brilliant Model for the Future of Video Game Adaptations
- Want Weekly Recs on What to Watch, Read, and More? Sign Up for Worth Your Time
Write to Justin Worland at justin.worland@time.com