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Russian central bank will take more measures after rate hike: First deputy

Russian rubles on display in front of a portrait of Russian President Vladimir Putin.
Ulrich Baungarten | Getty Images
Russian rubles on display in front of a portrait of Russian President Vladimir Putin.

Russia's central bank will implement more measures to stabilize domestic markets following a rate hike, its First Deputy Governor Sergei Shvetsov said on Tuesday.

Read MoreWhy Russia's monster rate hike spells trouble ahead

Shvetsov also called the situation on the Russian foreign exchange and stock markets "critical."