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Dec 18, 2014

Putin says Russia economy will be cured but offers no remedy

MOSCOW (Reuters) – President Vladimir Putin said on Thursday Russia’s economy would inevitably rebound after the rouble’s dramatic slide this year but offered no remedy to a deepening financial crisis.

Under pressure to show he has a plan to fix the economy, Putin told an end-of-year news conference the actions of the central bank and government had been “adequate” in a crisis he blamed on external factors.

Dec 18, 2014

Putin reassures Russians rouble will rise again

MOSCOW (Reuters) – President Vladimir Putin said on Thursday Russia’s economy would rebound after the ruble’s collapse against the dollar but warned that it could take two years for the country to emerge from crisis.

Under pressure to show he has a plan to pull Russia out of crisis at his end-of-year news conference, Putin supported the actions of the central bank and government in a crisis he blamed on external factors but said further measures would be required.

Dec 18, 2014

Russian rouble firms before Putin news conference, Sistema leads shares

MOSCOW (Reuters) – Russia’s ruble lost more ground against the dollar on Thursday before President Vladimir Putin’s end-of-year news conference, expected to be dominated by what a government minister called a “perfect storm” hitting the economy.

The ruble was more than 2 percent weaker on the day, despite central bank action to prop up the currency and around 45 percent down against the dollar this year, hit by Western sanctions over the Ukraine crisis and low oil prices.

Dec 18, 2014

Rouble slides before Putin news conference on Russia crisis

MOSCOW, Dec 18 (Reuters) – Russia’s rouble lost more ground
against the dollar on Thursday before President Vladimir Putin’s
end-of-year news conference, expected to be dominated by what a
government minister called a “perfect storm” hitting the
economy.

The rouble was more than 2 percent weaker on the day,
despite central bank action to prop up the currency and around
45 percent down against the dollar this year, hit by Western
sanctions over the Ukraine crisis and low oil prices.

Dec 17, 2014

Opponent calls for Putin’s exit as Russia slides into crisis

MOSCOW (Reuters) – A prominent opponent has warned Vladimir Putin his days in power are numbered, as Russia awaits the president’s response to the dramatic decline of the rouble.

Putin has been silent as the currency collapsed against the U.S. dollar this week before making up some of the lost ground on Wednesday, but he is sure to be asked about it at his end-of-year news conference starting at noon (0900 GMT) on Thursday.

Dec 16, 2014

Rouble crisis could shake Putin’s grip on power

MOSCOW, Dec 16 (Reuters) – Russia failed to halt the
collapse of the rouble on Tuesday, leaving President Vladimir
Putin facing a full-blown currency crisis that could weaken his
iron grip on power.

A 6.5 percentage point interest rate rise to 17 percent
overnight failed to prevent the currency hitting record lows in
a “perfect storm” of low oil prices, looming recession and
Western sanctions over the Ukraine crisis.

Dec 4, 2014

Putin says foes hope to dismember Russia; rouble falls as he speaks

MOSCOW (Reuters) – President Vladimir Putin accused Russia’s enemies on Thursday of seeking to carve it up and destroy its economy to punish it for growing strong, in an annual state of the union speech that seemed to outdo even his own recent strident nationalism.

The Kremlin leader trumpeted his annexation of Ukraine’s Crimea peninsula, praised the Russian people for their strength, accused the West of “pure cynicism” in Ukraine and said economic sanctions must drive Russians to develop their own economy.

Dec 4, 2014

Putin says foes hope to dismember Russia

MOSCOW (Reuters) – President Vladimir Putin accused Russia’s enemies on Thursday of seeking to carve it up and destroy its economy to punish it for growing strong, in an annual state of the union speech that seemed to outdo even his own recent strident nationalism.

The Kremlin leader trumpeted his annexation of Ukraine’s Crimea peninsula, praised the Russian people for their strength, accused the West of “pure cynicism” in Ukraine and said economic sanctions must drive Russians to develop their own economy.

Dec 3, 2014

Putin under pressure to show he can cure Russia’s economic ills

MOSCOW (Reuters) – President Vladimir Putin is under pressure to show he has a prescription to cure Russia’s rapidly growing economic ills in his annual state of the union address on Thursday.

Western sanctions over the Ukraine crisis, sharp falls in global oil prices and the ruble’s slide against the dollar culminated in an acknowledgement by government officials this week that Russia will enter recession next year.

Nov 25, 2014

Buckwheat problem gives Putin food for thought

MOSCOW, Nov 25 (Reuters) – As if Russian President Vladimir
Putin did not have enough to worry about with Western sanctions,
falling oil prices and a collapsing currency, there is also now
the price of buckwheat.

Rumours that snow has ruined the harvest in the Altai region
that grows the fruit seed have caused panic-buying in some areas
and pushed up the price of one of Russia’s most popular foods.

    • About Timothy

      "Timothy Heritage is Brussels Bureau Chief and European Affairs Editor, responsible for coverage of the European Union. He has previously been based in Moscow, Jerusalem, Paris, London, Warsaw and Belgrade, covering events ranging from the fall of Communism and conflict in the Balkans and Middle East to the euro zone debt crisis."
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