Russian ADRs Advance on Ukraine Truce Talks in Berlin - Bloomberg

Russian ADRs Advance on Ukraine Truce Talks in Berlin - Bloomberg:



"Russian stocks traded in the U.S. rebounded from a two-week low as talks in Berlin to resolve the Ukraine crisis ended with political leaders from the two countries agreeing on the outline for a sustainable truce.



The Bloomberg index of the most-traded Russian companies in the U.S. rose 1.1 percent to 93.35 yesterday, the first gain in six days. American depositary receipts of oil producer OAO Lukoil increased 2.3 percent to $61.19, while OAO Mobile TeleSystems, the nation’s biggest mobile phone company, jumped 3.4 percent. RTS stock-index futures added 0.2 percent to 134,650 in U.S. hours.



Foreign ministers from Ukraine, Russia, Germany and France started negotiations in Berlin yesterday in an attempt to ease the four-month regional crisis. The bloodshed in eastern Ukraine reached a “dramatic climax” in the past few days, prompting the four countries to pledge to work for a comprehensive cease-fire in another round of talks by July 5, said German Foreign Minister Frank-Walter Steinmeier, who is brokering the process with his French counterpart."



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