Russian bank shares jump after avoiding delisting

Russian bank shares jump: Shares in Sberbank and VTB  – Russia’s two largest banks – rose by 3% and 4% respectively yesterday at last week’s news that the New York-based MSCI index provider had decided not to delist them provided they did not issue any more stock. The Moscow stock market also gained 1% and the rouble rise by 0.5% against both the dollar and euro. Tengrinews