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Russian assets rebound

WORLD shares and hard-hit Russian assets rebounded yesterday after Russia's president ordered troops in military exercises to return to base in what was seen as a dampening down of immediate tensions in the East-West crisis over Ukraine.

Russian stocks and the rouble gained while gold and the safe-haven Japanese yen fell sharply after President Vladimir Putin ordered back troops that took part in military exercises in central and western Russia.

There was no word, however, on Russian forces that have effectively occupied much of Crimea, and financial assets failed to retrace the entirety of the sharp moves seen globally at the beginning of the week.