25-12-2014 15:22 via news.yahoo.com

Russia says ruble crisis over as reserves dive, inflation climbs

By Elena Fabrichnaya and Alexander Winning MOSCOW (Reuters) - Russia said on Thursday its currency crisis was over even though its forex reserves have plunged and annual inflation has climbed above 10 percent, adding to the problems facing the government as it fights its worst economic crisis since 1998. The ruble plunged to all-time lows last week on heavy falls in the price of oil, the backbone of the Russian economy, and Western sanctions over the Ukraine crisis that made it near impossible f
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