You're reading: International Business Times: Russian officials scramble for solutions as low oil price and economic problems bite

MOSCOW — Sergei Glazyev has made his name with a series of forthright and frequently outlandish proclamations on everything from intervention in Ukraine and Syria to Russia’s dwindling oil profits. Tuesday proved no different as the hawkish economic adviser to President Vladimir Putin told reporters in the Russian capital that currency speculators had made billions of dollars forcing down the value of the ruble.

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