Russian stocks shrug off sanctions, ruble steady ...News

Russia Today - Economy
Russian stocks shrug off sanctions, ruble steady
source : Russia Today ( News ) () 17
Equities have rebounded after a jittery start to trading Russian stocks climbed after a short-lived slide in early trading on Wednesday, brushing off reports of new Western sanctions against Moscow on top of unprecedented punitive measures already imposed. The ruble-based MOEX benchmark was up more than 1% by 10:00 GMT, reversing earlier losses. The dollar-denominated RTS index of leading Russian stocks also recovered, trading 1.4% higher. Shares in Russia’s energy giants Lukoil and Gazprom Neft were both up by 3.5% and 2.5%, respectively. The ruble stabilized at 83.42 to the dollar and gained 1.1% to trade at 90.

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