The ruble strengthened today in trading in Moscow, moving again to the highest level of the last four weeks against the dollar, while Russian stocks extended their decline for a third session after almost a month of trading.
The Russian market is gradually reopening and returning to normal after the suspension of trade caused by the sweeping sanctions of the West after the launch of the ‘special operation’, as Russia characterizes it, in Ukraine on February 24.
Today, the trading of Russian shares and bonds has been fully restored, albeit for a shorter period of time, while various restrictions remain in force. Non-residents are prohibited from selling shares and bonds in OFZ rubles until April 1.
At 12.56 Greek time, the ruble was up 2.2% against the dollar at 93.89 while earlier it had reached 92.51, a level close to its strongest level since March 1.
The shares were generally moving in negative territory, with the share of the airline Aeroflot being a notable exception, recovering with gains of 5% after reaching the lowest level since 2009 at the beginning of the session.
The Russian MOEX index, with the ruble as the reference currency, fell 2.15% to 2,430.70 points. Alongside, the RTS indexwith the reference currency the dollar, falls by 0.79% to 823.04 points.
Source: Capital
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