For those wondering how Russia managed to contain the rout in its currency today, when it dropped from highs of USDRUB 80 yesterday to about 60, and leading to the biggest stock market surge in decades, the answer will be revealed tomorrow at noon Moscow Time, when Putin's annual address press conference will take place. As the rumor goes, both the central bank, the finance ministry and the Prime Minister, did everything in their power to stabilize the Ruble ahead of Putin's appearance, both through direct sales of dollars as well as with the already noted 7 measures to stabilize the financial system. And this year, perhaps more than ever, Putin's role will be simple: restore confidence. As Bloomberg reports, citing Mashla Lipman a political analyst in Moscow, "This is a moment of truth. It’s no longer possible to go on in the same fashion. The economy is tumbling. The time has come for a definitive choice. Doing nothing won’t solve the problem."