The Ruble Swoons And Russia's Economy Wobbles Further

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Posted on 12/11/2024 6:40:24 AM PST by marcusmaximus

When you’re a Russian retiree living on a limited income, it’s bad enough trying to contend with skyrocketing prices for staples like eggs, potatoes, or butter. Now add to the list of worries: a swooning ruble hitting lows not seen in years.

“I see these prices, my eyes get wide,” said one retired history teacher who lives in St. Petersburg and tries to get by on a 19,100-ruble ($187) monthly pension. “What's going on? Prices are rising for absolutely everything.”

“Polite words fail me, of course” the 72-year-old woman told RFE/RL’s Russian Service. She asked for her name not to be used to avoid police harassment. “I have to joke about it to cool down my anger,” she added.

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Several regions have reported a rash of thefts of butter and other dairy products, as prices climb. Some retailers have taken to putting dairy products under lock-and-key to prevent theft.

(Excerpt) Read more at rferl.org ...

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