The Russian robe rises after the release of Mark Fujel

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The ruble rose to its strongest level against the US dollar within five months on Wednesday, as it strengthened the issue of an American teacher in Russia the hopes of investors to end the war in Ukraine.

The currency jumped approximately 3 percent on Wednesday to 93.8 to the dollar, after the deal to secure Mark Vogel’s returnWho have been held since 2021.

This step extends to a rally from Donald Trump’s return to the White House, with Ruble Get 21 percent since the beginning of the year. The American president promised to bring the Ukraine war, and the White House said that the release of Vogel was a step “in the right direction” in ending the conflict.

The Kremlin spokesman Dmitry Peskov said the deal was the “intensive” of the White House, adding that a Russian prisoner, who is being held in the United States, would be released.

“The expectation of negotiations between Russia and the United States over Ukraine gives some optimism to investors,” said Alexandra Prokopinko, a fellow at the Carnegie Carnegie Eurasia in Berlin.

“If the conversations are transformed complex, and this optimism fades, the ruble will have a more difficult time.”

Analysts said the currency was also strengthened by increasing the sales of Chinese Renminbi – the most foreign currency in Russia – by the Russian Central Bank, which interferes in the markets to support the exchange rate.

He also supported the high prices of robos by strengthening export revenues in Russia. Brent crude, the International Oil Index has risen 7 percent since early December, while natural gas prices have risen more severely.

The ruble decreased to record its lowest levels after Russia’s invasion of Ukraine in 2022, which prompted a number of Western sanctions in reality. Russia Outside the global financial system.

Although the authorities settled on the exchange rate by tightening currency controls, the Robin remained volatile and beaten before imposing sanctions on American energy late last year.