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. Last Updated: 07/27/2016

Russian Shares Steady




MOSCOW -- News that the International Monetary Fund plans to resume lending to Russia failed to ignite a spark in the share market Tuesday, with indices showing little impetus in either direction.


"It's positive for the market but confusing. ... Russia needs the money but major structural reforms in its economy as well. Unfortunately, it's not clear that the IMF is really encouraging them," one Russian trader said.


The dollar-denominated Moscow Times Index of 50 leading shares ended up 1.19 percent at 62.20 on thin trade of $6.67 million. The RTS index rose 1.67 percent to 81.18.