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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.
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.