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At 0845 GMT, the rouble was 76.19 against the greenback, a gain of 1.1 percent and 84.5 versus the euro, a gain of 1.5 percent.
Brent crude oil, a global benchmark for Russia's main export, was up 2.2 percent at $33.72 a barrel.
Markets are working with restrictions on Monday, a public holiday in Russia, and were closed again on Tuesday, Feb. 23, Russia's Defender of the Fatherland public holiday. Most traders will only return to work on Wednesday, Feb. 24.
Russian share indexes were trading higher as well.
The dollar-denominated RTS index was up 1.8 percent to 746.37 points, while its rouble-based peer MICEX traded 0.8 percent higher at 1,805 points.