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Russian Stocks Exorcise Ghosts of Crimea as Returns Surge

  • Benchmark RTS equity index trades at highest level since 2014
  • Easing concern over sanctions brings back investors to Russia
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It has taken five years but Russian stocks have sprung back to levels they traded in 2014 before a meltdown sparked by U.S. sanctions, oil-price collapse and a rocky float of the ruble had erased half of their value.