The Russian currency strengthened to more than a one-month high during trading on Tuesday, surging over 10% amid signs of progress in peace talks between Russian and Ukrainian negotiators. The looming ruble-for-gas payments deadline has also been lifting the currency.

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French sportswear retailer Decathlon has sold its Russian assets to ARM, a company that already owns a franchise of the fashion retailer Mango, according to Russian Deputy Minister of Industry and Trade Viktor Evtukhov.