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Nyet effects: Russia’s resilient economy

The Intelligence from The Economist

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I Think the Macro Effect of Russia Is a Lot Smaller Than People Think

Prices in russia have gone up by about ten % since the beginning of the year. I think for people, particularly in moscow, who are more still of western leaning, they've been really cut off. They've been cut off from so many of the fruits of capitalism that were both promised and delivered from the nineties onwards. But i would imagine the life of a middle class muscovite, in terms of what they can do, how much their saving has changed a great deal.

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