Moscow: The Russian Central Bank, the Bank of Russia, has announced that easing in geopolitical tensions reflected on the country's economy positively. The ruble appreciated against the US dollar by 10.5% month on month, it said on Monday.

According to Anadolu Agency, the geopolitical environment also fuelled the rise in the Russian stock market, with the MOEX Russia Index gaining 8.6% month on month. The bank noted that corporate bond and OFZ yields predominantly decreased, and the spreads between bonds of various rating groups narrowed.

The bank also highlighted that ruble-denominated instruments demonstrated the highest monthly yields. Notably, shares from companies in sectors most sensitive to sanctions reported the most significant rises.