Russian Markets Surge Following Trump-Putin Call on Ukraine War

The leaders discussed potential peace negotiations, raising concerns in Europe about U.S. commitment to Ukraine.

The Moscow Exchange index rose nearly 6%, and the RTS index jumped over 9% following the Trump-Putin phone call about the Ukraine war.
The Russian ruble strengthened by 3.7% against the U.S. dollar, reaching its highest level since September 2024.
President Trump and President Putin agreed to work closely on peace negotiations, with plans to meet in person soon.
European leaders and Ukraine expressed concern over being excluded from potential U.S.-Russia agreements on the war's resolution.
Trump's comments about Ukraine's future and Zelenskyy's leadership have sparked questions about the U.S.'s stance in the conflict.