March 10 (Reuters) - The Russian rouble strengthened to
a more than one-week high on Monday, brushing aside U.S.
President Donald Trump's threat of imposing large-scale
sanctions on Russia as Washington pushes Moscow and Kyiv to
negotiate a peace deal.
The rouble is up against the dollar this year, mostly thanks
to expectations of improved relations between Moscow and
Washington that could produce some conflict resolution in
Ukraine and possible easing of sanctions against Russia.
By 0841 GMT, the rouble was up 1.5% at 88.62 to the
dollar in over-the-counter market trade, reaching its strongest
level since late February.
Trump threatened Moscow with banking curbs and tariffs on
Friday, days after pausing military aid and intelligence support
to Ukraine, but has also offered a conciliatory view of
President Vladimir Putin and his military tactics.
On Monday, Russian forces were advancing in the Kursk
region.
"We do not believe that threats of tougher sanctions and
negative rhetoric from the U.S. authorities will rapidly
escalate as negotiations with Russia are in the initial phase
and our authorities are willing to negotiate," said
Promsvyazbank analyst Denis Popov.
Against the Chinese yuan, the most traded foreign currency
in Russia, the rouble was up 0.5% to 12.07.
Brent crude oil, a global benchmark for Russia's
main export, was down 0.1% at $70.28 a barrel.