Russian stocks rise after Putin says no need for further division of Ukraine

MOSCOW, March 18 Tue Mar 18, 2014 7:56am EDT

MOSCOW, March 18 (Reuters) - Russian shares rose and the rouble trimmed its losses on Tuesday after President Vladimir Putin said there is no need for a further division of Ukraine.

Both the dollar-denominated RTS index and the rouble-traded MICEX were up 2.6 percent, at 1,143.3 points and 1,316.2 points, respectively.

Before Putin's speech, the MICEX was up 1.5 percent and the RTS was up 1 percent on the day.

The rouble also rebounded, limiting its early losses and trading stable against the dollar and the euro.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.