World Economy
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Russians Spending Spree

Russians Spending SpreeRussians Spending Spree

The weak ruble is transforming the way Russians save and spend their money, with many turning to property, cars, and jewelry instead of seeing their money depreciate in the bank, RT reported. The ruble has lost about 45% of its value against the dollar this year, which leaves savers with slashed deposits.

Financialtribune.com