Support The Moscow Times!

Russian Shares and Ruble Jump on News of Ukraine Cease-Fire

An employee of a bank counts rouble banknotes in Moscow.

Russian shares surged after Ukraine's President Poroshenko said that he had agreed with President Vladimir Putin on a permanent cease-fire in the Donbass region of eastern Ukraine.

At 12:10 pm Moscow time, the dollar-denominated RTS index was up 3.9 percent on the day at 1,224 points, with the rouble-based MICEX index up 2.6 percent to 1,437 points.

The ruble also soared, gaining 1.3 pct against the dollar to 36.98. 

Read more

The need for honest and objective information on Russia is more relevant now than ever before!

To keep our newsroom in Moscow running, we need your support.