Russia's dollar-denominated RTS broke through the 1,700 point level at the opening of trade on Sunday as foreign investors approved the Greek debt restructuring agreed on March 9.
As of 11:55 a.m. Moscow time (07:55 GMT), the RTS rose 2.05 percent to 1,711.65, while Russia’s ruble-denominated MICEX stock index grew 1.64 percent to 1,598.55 points.
Greece’s private investors agreed on Friday to swap their government bonds for new securities that are worth 83.5 percent of the country’s sovereign debt in a deal to help the country stay afloat and avoid default on its massive debt.
In Europe, Britain’s FTSE 100 index rose 0.47 percent to 5,887.49 points, Germany’s DAX was up 0.67 percent to 6,880.21 and France’s CAC 40 rose 0.26 percent to 3,487.48 as of 08:03 GMT.
