Russian MOEX rises 2% on Trump-Putin summit optimism - Breaking The News

Russian MOEX rises 2% on Trump-Putin summit optimism

11 August

1 min read

EPA/YURI KOCHETKOV

Russian stock indexes observed significant gains on Monday as the recently announced meeting between Russian President Vladimir Putin and his American counterpart Donald Trump sparked optimism among investors, with its benchmark index MOEX jumping 2%.

The two leaders' summit is expected to take place on Friday, August 15, in Alaska, and there were signals that Ukrainian President Volodymyr Zelensky could also join the pair for high-level negotiations on a ceasefire in Ukraine. However, US Vice President JD Vance said that Washington is working on arranging a separate meeting between the Russian and Ukrainian presidents after Putin meets with Trump.

The MOEX index climbed by 2.07% at 10:48 am CET, while the ruble gained 0.31% against the dollar to sell for $0.01254 at the same time.

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