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10 February 2015

Russian Media Downplay Extent of Ruble Crisis

While the ruble pinballed erratically between 58 and 80 per U.S. dollar on Tuesday, making headlines around the world, Russia's state-run media have attempted to take a soft and conciliatory stance on the home currency's woes.

A news bullet by state-owned Channel One aired at 6 p.m. on Tuesday made the ruble plunge and the Central Bank interest rate hike their second item on the news program. The top story was a school attack in Pakistan that has left 135 people dead.

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