What is the Moscow Stock Exchange index?

Could you elaborate on the Moscow Stock Exchange index? What is its significance in the global financial market? How does it measure the performance of Russian stocks? Is it similar to other major stock indices, like the Dow Jones or NASDAQ? Are there any specific factors that influence its fluctuations? How do investors typically use the Moscow Stock Exchange index to make informed decisions? Additionally, how does it compare to other regional stock indices in Europe and Asia? Understanding its intricacies would greatly enhance my comprehension of the Russian financial market.