The Russian rouble rose on Monday, reversing earlier losses, and the MOEX benchmark stock index climbed to levels last seen before Russia sent thousands of troops into Ukraine, as markets awaited a new round of talks between Moscow and Kyiv. Investors were watching developments around what Russia calls “a special military operation” in Ukraine that started on Feb. 24, as well as risks of new western sanctions against Moscow on top of unprecedented penalties already imposed. French President Emmanuel Macron said on Monday that a new round of sanctions targeting Russia was needed. “Developments around Ukraine after the weekend again increase the degree of confrontation with the western countries,” Rosbank analysts said in a note. At 1152 GMT, the rouble was 0.8 percent stronger against the dollar at 83.25, reversing earlier losses but still weaker than its strongest level since Feb. 23 of 80.3325 hit on Friday. To the euro, …
Russian Rouble Reverses Losses, Stocks Up as Markets Eye More Russia-Ukraine Talks
April 4, 2022
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