Verdict Introduction: Putin’s war on Ukraine flouts international law, and while Russia still profits from oil and gas, its economy is hurting as investors flee and inflation takes hold.
, “[i]t is unclear as yet whether foreign investors – many of whom will have to navigate sanctions imposed by their own governments – will be willing or even permitted to open such accounts.”
More than 14% of Samara’s population lives below the officially set poverty line, and 44% have a monthly income of a mere 19,000 rubles, or about $351. Between January and March this year, the number of poor in Russia increased by 100,000 compared to 2021, reaching 20.9 million,The report included interviews with Samara residents who said they had given up many types of food and other products that are now are considered luxury items thanks to rising prices.
Another Samara resident, a woman called Sasha said that most of her favorite imported cheese is gone but she can’t afford even a local produce because “a kilogram of local cheese costs 3,000 rubles.” That is $55 for 2.2 pounds.
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