The ruble briefly firmed past the 79 mark against the dollar on Monday, while stock indexes fell as the market lacked new momentum and investors watched developments around what Russia calls “a special military operation” in Ukraine.
The Ukrainian foreign minister said over the weekend there had not been any recent diplomatic communications between Russia and Ukraine at the level of their foreign ministries.
“The continuation of active fighting and a clear stalling of negotiations is the main risk for Russian assets through the risks of new sanctions,” said Dmitry Polevoy, head of investment at LockoInvest.
By 1114 GMT, the ruble had gained 1.1 percent to 79.10 against the dollar after briefly touching 78.80, its strongest since April 12. Against the euro, the ruble firmed 3.3 percent to 82.60, a level last seen on April 8.
…