By Emre Gurkan Abay and Mucahithan Avcioglu
MOSCOW (AA) - The Moscow Stock Exchange (MOEX) ended Monday with gains after US President Donald Trump's threat of tariffs on Russia was seen as lighter than expected.
According to analysts, threatened sanctions announced by Trump on Russia were lighter than expected, contrary to investors' expectations.
The index gained 2.73% after Trump's statements, and rose above 2,714 points, and the dollar-based RTS index rose 2.09% to over 1,090 points.
The Russian ruble lost 0.4% to the dollar, while dollar/ruble parity rose above 78.3.
Trump threatened to impose 100% secondary tariffs on Russia on Monday if a deal on ending the war in Ukraine is not reached within 50 days.
During a meeting with NATO chief Mark Rutte at the Oval Office, Trump said he was “very unhappy” with Russia and disappointed in President Vladimir Putin.
“I thought we would have had a deal two months ago, but it doesn’t seem to get there,” Trump said.