Vladimir Putin’s Annual Year-End News Conference - NYT
Russia Introduces Measures to Calm Economic Jitters Thursday December 18 th , 2014 at 5:17 PM 1 Share MOSCOW — Seeking to calm growing fears of an economic meltdown, the Russian government on Wednesday introduced a package of measures to reduce pressures on banks and urged the public to stay calm. It seemed to work, at least temporarily. By Wednesday evening, amid indications of a government intervention in the currency markets, the ruble had recovered more than 11 percent of the previous day’s losses. Prime Minister Dmitri A. Medvedev met with the leaders of Russian business, energy exporters like Rosneft and Gazprom, and others, pledging government support for business and the ruble. And President Vladimir V. Putin is on deck, scheduled to hold a nationally televised news conference on Thursday in which he is expected to address the recent financial turmoil. “The Central Bank and the government have worked out a packag...