Russian President Vladimir Putin defended his officials, appeased local oligarchs and, of course, railed at the West Thursday as he faced journalists for the first time since the ruble went into free-fall last week. Russia’s most eligible divorcee also managed to break hearts from Vladivostok to Kaliningrad by saying he’s in love again, although he was coy about the identity of the lucky lady. In a statement that sent sighs of relief around the corridors of power in Moscow, Putin shielded his government and central bank from criticism, saying that the crisis “has of course been caused by external factors first and foremost.” “The central bank and government are acting adequately and correctly,” Putin said, although he added that “some decisions could have been taken more quickly.” He acknowledged that it could take “up to two years” for the Russian economy to return to growth as a result of the crisis. After doing a passable imitation of a deer stuck in the headlights for most of the last week, the Russian central bank yesterday announced a suite of measures to prop up the banking sector and allow its large stash of foreign reserves to be used, indirectly, to help companies repay their foreign debts.

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