Russia’s ruble gained for the first time in six days against the dollar and Ukrainian bonds surged as prospects grew for a cease-fire after three months of clashes. Equities in the two countries climbed.
The Micex Index gained for the first time in three days, led by power companies, as prospects grew for a cease-fire in Ukraine after discussions between President Vladimir Putin and his Ukrainian counterpart.
Russia’s fishing catches will increase 41 percent to 6.05 million metric tons by 2020 from a targeted 4.3 million tons this year, First Deputy Prime Minister Viktor Zubkov said in an article published today in the government newspaper, Rossiyskaya Gazeta.
OAO Gazprom, the world’s biggest natural-gas producer, is discussing a possible loan from China to help build a $25 billion pipeline to supply the world’s fastest-growing major economy as demand in Europe weakens.
The cheapest valuation on record for shares of OAO Gazprom, the world’s biggest producer of natural gas, is prompting Chairman Viktor Zubkov to buy a stake for the first time since his appointment in 2008.
China anticipates a breakthrough in energy talks during President Xi Jinping’s visit to Moscow this week, an achievement that may strengthen ties between neighbors wary of U.S. motives on issues from Iran to Asia policy.