Putin Says No Plans for Capital Controls for Ruble

November 10, 2014 8:16 AM

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Putin Says No Plans for Capital Controls for Ruble

Russian President Vladimir Putin said Monday that Moscow has adequate resources to defend its plunging ruble and ruled out capital controls or other "emergency measures."

Moscow is taking "necessary steps" in response to the "serious fluctuation" of its currency, Putin told an audience of businesspeople before a summit of leaders of 21 Asia-Pacific economies.

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