Russia Stocks Rise First Time in 4 Days as VTB Gains on Cyprus
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Russian equities gained for the first time in four days as financial stocks climbed after Cypriot lawmakers rejected a levy on bank deposits, stoking optimism lenders won’t incur losses.
The Micex Index added 0.7 percent to 1,459.03 by the close in Moscow. The dollar-denominated RTS Index rose 0.7 percent to 1,489.34. VTB Group and OAO Sberbank, Russia’s biggest lenders, rallied 1.8 percent and 2.6 percent, respectively.