Note 5: Short-term Investments
Short-term investments, consisting of deposits denominated in U.S. Dollars, as of December 31, 2007, comprised the following:
| Annual interest rate | Maturity Date |
December 31, 2007 | |||
| OJSC Moscow Bank of Reconstruction and Development | 6.6% | June, 2008 | $15,000 | ||
| Other | 776 | ||||
| Total short-term investments | $15,776 |
Short-term investments, consisting of deposits denominated in U.S. Dollars, as of December 31, 2006, comprised the following:
| Annual interest rate | Maturity Date |
December 31, 2006 |
|||
| OJSC Moscow Bank of Reconstruction and Development | 7.5% | March, 2007 | $42,700 | ||
| OJSC Moscow Bank of Reconstruction and Development | 7.5% | February, 2007 | 12,300 | ||
| Other | 1,047 | ||||
| Total short-term investments | $56,047 |
OJSC Moscow Bank of Reconstruction and Development is a related party, whose controlling shareholder is Sistema (see also Note 15).