Ruble Falls Ahead of Minsk Peace Summit

Russian assets were mixed on Wednesday, with rising hopes of a new peace deal to end the war in Ukraine helping stocks, but the ruble weighed down by a sharp decline in oil prices.

At end of day the ruble-based MICEX stock index was up 1.22 percent to 1,76 points while the dollar-based RTS had gained 0.78 percent to 832.


Ruble Falls Ahead of Minsk Peace Summit | Business | The Moscow Times

The Russian economy is floundering but hopefully this will force their withdrawal from the Crimea including their "vacationing" troops in the Eastern Ukraine proper.