Ruble strong, stocks surge after Russian government reshuffle

Alexey Sukhorukov

The appointment of a new prime minister has boosted the Russian stock market to new record highs on Friday, with the national currency holding on to gains reached over the past 18 months.

The ruble continued gaining against major currencies on Friday, after accelerating growth on the news of the appointment of Mikhail Mishustin as Russia’s new prime minister earlier in the week.

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