Putin predicts rouble recovery and blames ‘external factors’
Russian President Vladimir Putin says the country’s uncertain economic situation has been provoked by “external factors”, and believes it may take two years for the country to return to growth.
Making an annual address in Moscow, he said he believes the country’s currency, the rouble – which has recently been in freefall – will inevitably recover.
He also said he was confident the Russian central bank and government were taking adequate measure to deal with the uncertainty.
Putin added the Central Bank’s current interest rate of 17% will not last throughout the currency’s crisis.
Source: itv – Putin predicts rouble recovery and blames ‘external factors’
