According to Vladimir Kantorovich, vice president of Russia’s Tour Operator Association, travel abroad for the winter holidays is down 30 percent, and trips to Europe have fallen about 50 percent.
According to the Federal Statistics Service, chicken costs 27 percent more than it did last year, pork 25 percent, and the beloved staple of buckwheat 48 percent.
[…] oil and gas exports, which finance half of Russia’s budget, have been hit by the plummet in world markets: the global price of crude oil has fallen some 25 percent since the summer.
[…] Russia’s banks, which were slapped with sanctions this summer as a …read more
Source: San Francisco Chronicle
