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Dhiraj Singh/Bloomberg
- Russia's former finance minister blamed Moscow's accumulation of rupees for bringing the ruble down.
- Kremlin authorities have acknowledged the Russia has accumulated billions of rupees sitting in Indian banks.
- Russia's Energy Ministry denied statements made by economist Mikhail Zadornov.
Mikhail Zadornov, Russia's former minister of finance, attributed the ruble's recent crash to the Kremlin's stockpile of rupees that are stuck in India.