Hard times for Russians
Résumé
Russia has entered a new time of trouble. The economy is plunging into recession with double-digit inflation, slumping purchasing power, a crippling lack of investments, and no improvement in sight. The oil curse has struck a country of 140 million people grown accustomed to living off rising energy export revenues without reforming or working very hard. Elites have much to lose, and western sanctions are raising the stakes...