普京今日举行年度发布会

With all eyes on Russia as the Rouble has suffered catastrophic losses this week, President Vladimir Putin is due to focus on the economy at the annual press conference today.

The President's press secretary, Dmity Peskov, made the announcement on Wednesday, but said Putin doesn't plan to make specific comments on the situation of the financial market. He is expected to try to reassure over Rouble worries.

After sharply dropping for two days, the Rouble rebounded 11 percent on Wednesday to 60.42 against US dollar, the biggest rise since 1998. The currency has fallen 50 percent so far this year, reflecting structural risks in Russia's economy.

The latest crash came as traders continued to fret over the combined impact of low oil prices and Western sanctions over Russia's involvement in Ukraine's crisis.