Putin: Market turmoil 'temporary'

Moscow - Russian President Vladimir Putin said on Tuesday that the turmoil seen in Russian markets was a “tactical, temporary” decision by investors.

Russia's stockmarket slumped on Monday after Russia's military intervention in Ukraine unnerved investors.

Russian President Vladimir Putin takes part in a news conference at the Novo-Ogaryovo state residence outside Moscow March 4, 2014. Putin said on Tuesday Russia reserved the right to use all options in Ukraine to protect compatriots living in "terror" but that Moscow would use force only as a last resort. Credit: Reuters

Putin was speaking in his first news conference since Ukraine's ousted leader Viktor Yanukovich fled from Ukraine. - Reuters