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EXPLAINED: What Russia s Massive Interest Rate Hike Actually Means

The bad news keeps coming for Russians – not only is the money in their pockets worth less and less, they now have to contend with a 12 percent interest rate.

Unsettled Moscow residents tighten belts as ruble tanks

Unsettled Moscow residents tighten belts as ruble tanks
iraqinews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iraqinews.com Daily Mail and Mail on Sunday newspapers.

Unsettled Moscow residents tighten belts as ruble tanks

In central Moscow, retired businessman Igor Inkin is preparing to turn down simple pleasures like dessert as the value of the ruble in his pocket

Unsettled Moscow Residents Tighten Belts As Ruble Tanks

In central Moscow, retired businessman Igor Inkin is preparing to turn down simple pleasures like dessert as the value of the ruble in his pocket continues to slide.

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