Global stock markets have steadied on Tuesday, with Russia’s main share index up 5%, after concerns about Ukraine sparked a sell-off on Monday.
Markets across Europe were higher on Tuesday, with the FTSE 100 up 1.5% and Frankfurt’s Dax up 2.1%.
The recovery came despite Russia’s threat to abandon the US dollar as the country’s reserve currency.
And Russia’s top gas producer Gazprom also said it would remove a discount on Ukraine gas prices from April.
However, Alexei Miller, chief executive of the Russian state gas producer, has said Gazprom could lend Ukraine between $2bn (£1.2bn) and $3bn to pay off the country’s debt.
The offer comes after Ukraine told Gazprom it would be unable to pay in full for gas deliveries in February, according to Russian news agency Interfax.
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