The Russian ruble and Moscow Exchange saw a sharp rally following a phone call between former U.S. President Donald Trump and Russian President Vladimir Putin. The ruble strengthened by 3.7% against the U.S. dollar, reaching its highest level in months, while the Moscow Exchange (MOEX) index surged nearly 6%, led by gains in major companies like Gazprom and Sberbank.
Analysts attribute the surge to renewed investor optimism, speculating that the high-profile conversation signaled potential diplomatic shifts. With geopolitical tensions over Ukraine still high, markets responded positively to any hint of de-escalation.
While some view the rally as a short-term reaction, others see it as a sign of confidence in Russia’s economic resilience. The Kremlin remains optimistic about improved relations, but Western sanctions and global uncertainties continue to loom over Russia’s financial outlook.
As markets fluctuate with every political move, investors remain cautious. Whether this rally marks a lasting trend or a temporary spike depends on future diplomatic developments between Washington and Moscow.
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PRESS UPDATE