Russian Stocks Edge Higher as Traders Track Signals From Ukraine Talks

Overview

• The MOEX Index rose 0.33% to 2,777.29 on Jan. 23, with the RTS up 0.49%, as the yuan inched to 10.85 rubles.
• Friday’s session largely held a 2,760–2,780 range, reflecting a cautious stance before the weekend.
• Recent moves have tracked diplomatic signals, with Russian equities accelerating on Jan. 21 after U.S. envoy Stephen Witkoff cited significant progress on Ukraine and said he hoped to meet Vladimir Putin on Jan. 22.
• The Kremlin provided no details on Kirill Dmitriev’s Davos meeting with Witkoff and Jared Kushner, though participants characterized the talks as constructive.
• Analysts expect the MOEX to trade near 2,700–2,800 in the near term and warn that prices remain sensitive to any new geopolitical updates.