The event will be organized by the Figure Skating Federation of Russia. Medals will be awarded in the disciplines of men's singles, ladies singles, pair skating, and ice dancing. The event was renamed the Rostelecom Cup in 2009 after Rostelecom, its sponsor. It will be held in Moscow from 22 October through 25 October.
The grand prix events are important for figure skaters since for most countries they are part of the selection process for the 2010 Olympic Winter Games. Skaters who place well and make it to the Grand Prix Final in Tokyo will have a good shot at a place on their respective countries olympic team.