Russian markets rise at opening

Russian stock indexes rose at the opening after falling steeply the previous day over fears about the widening international crisis surrounding Ukraine.

Analyst Mark Bradford said a cautious rebound was possible on Tuesday following panic selling on Monday, as there had not been a further significant deterioration in the situation in Ukraine.

Read: US halts military engagements with Russia over Ukraine

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Russia sells $10bn in reserves to prop up rouble

Russia has sold $10bn in currency reserves to support the rouble amid the crisis in the Ukraine.