- The value of the Russian ruble continues to fail, forcing Russians to cut back their spending.
- A recent survey found that more Russians are reducing their buying of basic goods like food.
- Earlier this month, the Russian ruble plunged to a 16-month low against the US dollar.
The value of the ruble has taken a nosedive, forcing Russians to cut back on buying essential commodities like groceries, toothpaste, and soap because of the skyrocketing prices.
According to an August 16 survey
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