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Russia Stocks Surge on Possible Khodorkovsky Parole, German Data

Russian stocks advanced the most in more than two weeks after Deutsche Bank AG said former Yukos Oil Co. billionaire Mikhail Khodorkovsky has a “50-50” chance of winning an early release and after a report showed German business confidence unexpectedly rose.

The Micex Index of 30 shares jumped 1.6 percent to 1,565.12 by the 6:45 p.m. close in Moscow, its strongest gain since March 11. Federal Grid Co., Russia’s power grid operator, surged 4.3 percent. VTB Group, the country’s second-biggest bank, advanced 3.2 percent.