Moscow (AFP) – Russian President Vladimir Putin urged the central bank and government on Wednesday to take “tough action” to stop speculation on the ruble after the currency hit new all-time lows this week.”I ask the Bank of Russia and the government to carry out tough coordinated actions to discourage the so-called speculators from trading on the fluctuations of the Russian currency,” he said during his annual state of the nation speech in Moscow.Putin’s militant anti-western rhetoric in the beginning of the address caused the ruble to tumble by nearly two percent but it then recovered on the remarks …read more
Source: Business Insider
