Russia orders troops back to base after buildup near Ukraine

Russia announced on Thursday it was ordering troops back to base from the area near the border with Ukraine, apparently calling an end to a buildup of tens of thousands of soldiers that had alarmed the West.

The currencies of both Russia and Ukraine rose sharply after the announcement, signalling relief among investors just hours after Russia also ended war games in Crimea, the peninsula it occupied and annexed from Ukraine in 2014.