For one thing, he suggested that the ruble’s record-low value is the fault of mysterious “currency speculators,” rather than what everyone knows is really to blame – the Western sanctions launched by the U.S. and the EU after the annexation of Crimea, multiplied by the five-months long plunge in the price of oil, Russia’s biggest export. To repair the economic slide, he ordered the Russian Central Bank and other watchdogs to track down speculators and make them stop messing with the ruble. “The authorities know who these speculators are,” Putin claimed. “And we have instruments to influence them.” time/3619369/vladimir-putin-russia-state-of-the-nation/
Posted on: Fri, 05 Dec 2014 04:23:33 +0000
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