Russian Stocks Rally as Putin Says No Plans to Divide Ukraine - Bloomberg

Russian Stocks Rally as Putin Says No Plans to Divide Ukraine - Bloomberg:



"Russian stocks rallied after President Vladimir Putin said he wasn’t seeking to split up Ukraine following the Crimea region’s admission to the Russian Federation. The Finance Ministry pulled its sixth bond auction this year after borrowing costs climbed.



The Micex Index (INDEXCF), which slumped into a bear market last week, closed up 4.1 percent at 1,335.86, the strongest two-day gain since May 2010. Yields on government bonds due February 2027 fell 14 basis points to 9.22 percent. The ruble slipped 0.1 percent to 42.7758 against Bank Rossii’s target basket of dollars and euros.



Russia wishes no harm to Ukraine and has no ambitions in other regions, Putin said today, before asking lawmakers to approve Crimea’s accession. Markets climbed yesterday as investors wagered European Union and U.S. sanctions targeting Russian and Ukrainian officials would have little impact."



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