: :inin Kyiv (EET)

Western sanctions, ruble crash hit Russians hard


Oyster Bar built a thriving business serving mollusks to well-heeled Muscovites. Then came Western sanctions, and the restaurant was forced to rechristen itself this fall. Today, it serves up burgers and pizza under a new name: No Oyster Bar.Co-owner Ilya Sokhin said a Russian ban on European oyster imports hit hard, and the average check at his restaurant — a sleek new building in the famous Gorky Park — has more than halved.Russia’s economy has been battered this year by uncertainty over the conflict in Ukraine, the falling price of oil, Western sanctions and retaliatory Russian import bans. Poor and …read more

Source: The Jakarta Post

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