{"id":3201,"date":"2014-12-18T07:46:01","date_gmt":"2014-12-18T12:46:01","guid":{"rendered":"http:\/\/olduvai.ca\/?p=3201"},"modified":"2014-12-18T07:46:01","modified_gmt":"2014-12-18T12:46:01","slug":"putin-blames-west-for-russias-economic-crisis","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=3201","title":{"rendered":"Putin Blames West for Russia’s Economic Crisis"},"content":{"rendered":"

Putin Blames West for Russia’s Economic Crisis<\/a>.<\/p>\n

MOSCOW\u2014Russian President Vladimir Putin vowed Thursday to fix Russia\u2019s economic woes within two years, voicing confidence that the plummeting ruble will recover and promising to diversify Russia\u2019s gas-dependent economy.<\/p>\n

Speaking with strong emotion and looking confident, Putin also displayed a defiant stance toward the West, which he insisted was still trying to destroy Russia.<\/p>\n

Putin acknowledged that Western economic sanctions over Russia\u2019s actions in Ukraine was just one factor behind Russia\u2019s economic crisis, accounting for roughly 25 to 30 percent of the ruble\u2019s troubles. He said a key reason for the currency\u2019s recent fall was the nation\u2019s failure to ease its overwhelming dependence on oil and gas exports.<\/p>\n

As Putin spoke, the Russian currency was trading at 61 rubles to the dollar. That was slightly lower than last night but up 12 percent from the historic low of 80 to the dollar that it hit earlier this week. Russia\u2019s benchmark MICEX index rallied by 5.5 percent by midday Thursday.<\/p>\n

<\/p>\n

<\/a><\/a>…click on the above link to read the rest of the article…<\/span><\/span><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Putin Blames West for Russia’s Economic Crisis. MOSCOW\u2014Russian President Vladimir Putin vowed Thursday to fix Russia\u2019s economic woes within two years, voicing confidence that the plummeting ruble will recover and promising to diversify Russia\u2019s gas-dependent economy. Speaking with strong emotion and looking confident, Putin also displayed a defiant stance toward the West, which he insisted […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,5],"tags":[1036,1997,694,857,965],"class_list":["post-3201","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-currency-collapse","tag-economic-sanctions","tag-russia","tag-vladimir-putin","tag-west"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3201"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3201\/revisions"}],"predecessor-version":[{"id":3202,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3201\/revisions\/3202"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}