Russian Rouble Reverses Losses, Stocks Up as Markets Eye More Russia-Ukraine Talks

Russian Rouble Reverses Losses, Stocks Up as Markets Eye More Russia-Ukraine Talks
Russian rouble coins are seen in this illustration taken, on Feb. 24, 2022. Dado Ruvic/Illustration/Reuters
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The Russian rouble rose on Monday, reversing earlier losses, and the MOEX benchmark stock index climbed to levels last seen before Russia sent thousands of troops into Ukraine, as markets awaited a new round of talks between Moscow and Kyiv.

Investors were watching developments around what Russia calls “a special military operation” in Ukraine that started on Feb. 24, as well as risks of new western sanctions against Moscow on top of unprecedented penalties already imposed.