President Vladimir Putin said on Thursday Russia’s economy would rebound after the rouble’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.
Russia’s economy is heading into recession in what one minister called a “perfect storm” of low oil prices, Western sanctions in the Ukraine crisis and global …read more
Source: Newsweek
