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Rouble steadies as investors take stock of new Western sanctions on Russia
- The Russian rouble steadied near 79 to the dollar on Wednesday, clinging on to recovered gains made the previous day as investors took stock of Western sanctions imposed on Russia for ordering troops into separatist regions of eastern Ukraine. At 0707 GMT, the rouble was unchanged against the dollar at 78.81 and had gained 0.3% to trade at 89.21 versus the euro.
Russia welcomes India’s position on Ukraine crisis
- Russia on Wednesday welcomed India’s “independent position” on the Ukraine crisis and said its views on the issue at the UN Security Council was reflective of the special and privileged strategic partnership between the two countries. Russian Deputy Chief of Mission Roman Babushkin said India has been playing a vital role as a responsible global power and it takes an “independent and balanced” approach to global affairs. “We welcome the independent position of India which it took twice at the UN Security Council,” he said at an online media briefing. “The…
