Transcripts for CNN CNNI Simulcast 20141218 08:15:00 : vimar

CNN CNNI Simulcast December 18, 2014 08:15:00

>> if you look back it's been a tough year for russia, struggling under the weight of increased western sanctions, sharp drop in energy prices expected to continue and as zain just mentioned, the ruble has been in freefall losing almost half of its available to the u.s. dollar this year alone. it did manage a 14% recovery wednesday after moscow unveiled a package to support russian banks but the economy still front and center. okay, joining me now to talk more about this is, of course, our senior international correspondent matthew chance. he's live for us in moscow. so, matthew, i mean, i've got to ask you given the dire economic situation there in russia especially as we've been talking about with the ruble in freefall, a lot of ordinary russian citizens suffering financially. how is vladimir putin going to use this speech to restore the faith and the confidence of the russian people in him? >> well, first of all, i don't

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