Russian President Vladimir Putin cancelled the extended New Year holiday for government ministers because of the ongoing financial crisis, informing the agencies they must work to help strengthen the economy and take protectionary measures in the face of a combination of governmental mismanagement, dropping oil prices, and economic sanctions that have caused considerable panic in Moscow in recent weeks. In a televised government session, Putin told ministers that they could not take off the customary period from January 1st through the 12th, saying, “For the government, for your agencies we cannot afford this long holiday, at least this year—you …read more
Source: The Atlantic
