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
![A subway themed conference room where Googlers can video conference with other Google offices around the world.](https://api.time.com/wp-content/uploads/2014/07/001-subway-themed-meeting-room1.jpg?quality=75&w=2400)
![A lounge and workspace in Google's Chelsea Market office where employees can get together for a meeting or relax on a lounge chair.](https://api.time.com/wp-content/uploads/2014/07/002-google-colored-lounge1.jpg?quality=75&w=2400)
![Steel slides connect Google's two story lounge.](https://api.time.com/wp-content/uploads/2014/07/003-office-slide1.jpg?quality=75&w=2400)
![A green themed micro kitchen emphasizes Google's commitment to sustainability.](https://api.time.com/wp-content/uploads/2014/07/004-green-microkitchen1.jpg?quality=75&w=2400)
![Google's apartment themed conference room for those looking to “work from home” at work.](https://api.time.com/wp-content/uploads/2014/07/006-working-from-home1.jpg?quality=75&w=2400)
![Google's build-your-own desks that allow employees to completely customize their workspaces.](https://api.time.com/wp-content/uploads/2014/07/007-playful-work-spacetif1.jpg?quality=75&w=2400)
![Water tower seating in Google's aptly named Water Tower Cafe, one of five cafes at Google's New York offices that serve free food.](https://api.time.com/wp-content/uploads/2014/07/008-lunch-at-our-water-tower-cafe1.jpg?quality=75&w=2400)
![The Broadway themed conference rooms on Google's New York City-themed floor.](https://api.time.com/wp-content/uploads/2014/07/009-the-meatpacking-district-the-majestic-meeting-rooms1.jpg?quality=75&w=2400)
![A bookcase turns to reveal one of three "secret rooms" in Google's library.](https://api.time.com/wp-content/uploads/2014/07/010-suited-up1.jpg?quality=75&w=2400)
![Google New York's library, complete with books donated by employees.](https://api.time.com/wp-content/uploads/2014/07/011-classic-library1.jpg?quality=75&w=2400)
![The Google bridge across 16th street in New York City.](https://api.time.com/wp-content/uploads/2014/07/012-our-google-bridge1.jpg?quality=75&w=2400)
Read next: Leaked Sony Emails Reveal How Much Movie Studios Hate Google
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Write to Justin Worland at justin.worland@time.com