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Markets Stable Following Crimea Vote

The Moscow equity markets opened up Monday morning and were still in the black by midday. The ruble denominated MICEX index was up 0.59 percent, and the dollar denominated RTS index was up 0.55 percent at 12:30 Moscow time.

Both the Euro and Dollar were trading up versus the ruble, at 50.98 and 36.72, respectively at the same time.

Analysts said an EU meeting in Brussels to discuss the Crimea referendum and sanctions against Russia, which is scheduled for later in the day on Monday, could influence market movement.

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