Markets

Russian stocks rise after Dutch court overturns $50 billion Yukos award

Published April 20, 2016 Updated April 20, 2016 08:44am

1 min

By Shoaib Ur Rehman

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MOSCOW: Russian stock indexes rose on Wednesday, reversing earlier losses, after a Dutch court overturned a court decision which awarded former shareholders of the Yukos oil company $50 billion.

At 0817 GMT the rouble-based MICEX index was up 0.5 percent at 1,939 points, while the dollar-based RTS index was flat at 927 points.

Both indexes had opened the day down because of lower oil prices.

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