You're reading: Financial Times: Donald Trump reversal on sanctions boosts Russia shares

Russia’s stock market surged more than 2 percent on April 17 after President Donald Trump backed away from expected sanctions on Moscow, boosting hopes of a reprieve in US policy.

The rouble, which slumped to as much as 63 per dollar on April 15 evening in anticipation of the sanctions, strengthened to as much as 60.9 per dollar on April 17 morning before retreating slightly during the day.

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