Frugality returns to Russia as households, businesses prepare for economic crisis to last

February 3, 2015 1:00 PM

3 0

Frugality returns to Russia as households, businesses prepare for economic crisis to last

In this photo taken on Sunday Jan. 25, 2015, women sit on the chairs they bought from the closed restaurant in Moscow, Russia. Chairs, tables, designer chandeliers, and an enormous pink lamp in the shape of a bear’s head: at The Red Fox and the Lazy Hound, an upscale restaurant that is one of many closing in Moscow this month, everything must go. And surprisingly, Muscovites have come out in numbers to find cheap deals. Frugality is making a comeback _ with no end in sight to Western sanctions or the painful drop in Russia’s oil revenues, there is a creeping awareness that the tough times are here to stay. (AP Photo/Pavel Golovkin) (The Associated Press)

In this photo taken on Sunday, Jan. 25, 2015, Sergei and Anastasia Izvolsky sit on a sofa they bought from the closed restaurant in Moscow, Russia. Chairs, tables, designer chandeliers, and an enormous pink lamp in the shape of a bear’s head: at The Red Fox and the Lazy Hound, an upscale restaurant ...

Read more

To category page

Loading...