The sanctions over Moscow’s annexation of Crimea and support for a pro-Russian insurgency in eastern Ukraine have exacerbated Russia’s economic problems and contributed to a sharp devaluation of the Russian ruble.
Putin sought to project an optimistic image Tuesday, downplaying the ruble’s nosedive and saying that a ban on Western food introduced in response to Western sanctions would boost local industries.
The Russian leader downplayed his quick departure from the weekend’s summit of the Group of 20 in Brisbane, Australia, rejecting media allegations that he left early because of a chilly treatment given to him by Western leaders. …read more
Source: San Francisco Chronicle
