The new tradition of the passing of the Eurovision Song Contest key ring will take place in Moscow, Russia on 10th December 2008. In a special ceremony, the Mayor of Belgrade will travel to Russia to present the Russian counterpart with the 'keys' for the show.

The grand ceremony will be held by the GUM department store, one of Moscow's landmark stores, close to the mausoleum on the infamous Red Square. Dragan Đilas, Mayor of Belgrade will present the grand key ring to Yury Mikhaylovich Luzhkov, Mayor of Moscow since 1992.

The key ring was created in 2007 and the first key was created in Helsinki. After the 2008 Eurovision Song Contest, a new key made in Belgrade to signify it's position as 2008 host city of the competition was added. The key ring will now reside in Russia for 12 months, with the city of Moscow having it's key added after the 2009 Eurovision Song Contest.

Last year, the key ring was presented to Belgrade by the mayor of Helsinki. The ceremony, also known as the 'host city exchange' or the 'great eurovision key change' by fans, is hoped to become an annual event to signify the arrival of the Eurovision song Contest in its host city.