Russia is heading for a "full-fledged" economic crisis, President Vladimir Putin's former finance minister warned, even as the ruble rallied for a second day. The Russian currency, which hit a record low of 80 rubles to the dollar Dec. 16, traded at 54.5 rubles against the dollar at 5.32 p.m. in Moscow, up more than 12 percent over two days.
Russia's War Against Ukraine
Bloomberg: Kudrin says Russia entering crisis even as ruble rallies
A pedestrian walks past a board listing foreign currency rates against the Russian ruble outside an exchange office in central Moscow on Dec. 1, 2014.
