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Putin Addresses Russia Amid Economic Crisis

President Vladimir Putin struck an optimistic chord at his end-of-year news conference Thursday, telling Russians the country's economy will rebound and the ruble will stabilize. He said the current crisis could last two years at most, but the economy could recover faster if external factors change for the better. Putin said the nation's currency reserves are sufficient to keep the economy in stable condition. The ruble strengthened on Thursday morning ahead of Putin's...

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