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.
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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.
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
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.
As their country continues to wage war against Ukraine, some Russians are upset that desserts are becoming more expensive.