Jump up 11% on the Moscow Stock Exchange, which opened after February 25

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The Russian stock index rose sharply by up to 11% after trading opened a month later, the longest time since it closed after the collapse of the Soviet Union.

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At the moment the increase is 7%.

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The Moscow Stock Exchange started trading 33 Russian shares, including big names such as Gazprom and Sberbank, between 09: 00-13: 00 (Greek time).

However, short selling is prohibited and foreign investors will not be able to sell shares or bonds in rubles until April 1.

Rosneft shares rose 14% and Lukoil shares 17%, while aluminum company Rusal also rose more than 14%.

Norilsk Nickel wins more than 19%.

In contrast, the share of Russian airline Aeroflot initially fell more than 20% but soon reduced losses and now records a fall of about 5%.

VTB Bank is down 6% and telecommunications mTS is down 8%.

The Moscow Stock Exchange has been closed since February 25 as Russian assets collapsed in all markets following the country’s invasion of Ukraine.

Source: Capital

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