Russian president Dmitry Medvedev last year took the bold decision to do away with daylight saving in winter, effectively stopping the clock and in the process ensuring Moscow remains in darkness until 10am in mid-winter.

When it comes to the city's status as a financial centre, however, he is keen to turn the clock forward. Late last year, the former law lecturer addressed attendees including JP Morgan chief Jamie Dimon on his plans to develop an international financial centre in Russia.