Showing posts with label Russian economy. Show all posts
Showing posts with label Russian economy. Show all posts

Thursday, 18 December 2014

Putin insists rouble will stabilise amid Russian economic crisis

President Vladimir Putin has insisted Russia's under-fire currency, the rouble, will stabilise, but warned the economic crisis could last two years.
He is currently holding his annual end-of-year news conference.
Mr Putin blamed "outside factors" for the falling rouble but admitted the central bank could have acted sooner.
He also accepted Russia had failed to diversify its economy, which has been hit by falling oil prices and sanctions over the Ukraine crisis.
''Goods have clearly been flying off the