At 0954 GMT (04:54 a.m. EST), the ruble was around 3 percent weaker
against the dollar at 62.04 <RUBUTSTN=MCX> after opening more than 1
percent higher. The rouble was also around 2 percent weaker versus
the euro at 76.50 <EURRUBTN=MCX> on the Moscow Exchange.
Traders said they saw no major measures from Putin so far to address
the crisis that has seen the ruble collapse around 45 percent
against the dollar so far this year amid slumping oil prices and
Western sanctions over Ukraine.
They said market moves were exacerbated by thin liquidity and that
small volumes were capable of moving the market by several percent,
including trades not related to Putin's speech.
(Reporting by Alexander Winning and Vladimir Abramov, editing by
[© 2014 Thomson Reuters. All rights
Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.