By Timothy Heritage and Alexei Anishchuk
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.
But hinting at internal divisions, he said more measures were needed and the central bank should have halted foreign exchange interventions to support the rouble sooner. Earlier, more decisive action by the central …read more
Source: Cyprus Mail
