Ruble rises nearly 10%

Макроэкономика 18.12.2014 Following three days of extreme volatility and losses in the Russian FX market, authorities staged a massive verbal and cash-only intervention to reverse the ruble's freefall, as it rose over 12% yesterday. This occurred on the eve of President Putin's annual state of the nation press conference. Among the topics to be discussed will be the economy and the Kremlin's strategy on numerous topics from wildlife conservation to foreign policy.