Russians flock to stores as ruble remains volatile

December 17, 2014 1:16 PM

7 0

Russians flock to stores as ruble remains volatile

Dec. 17, 2014: A couple carry a television set they purchased from a shop in St. Petersburg, Russia. The collapse of the national currency triggered a spending spree by Russians desperate to buy cars and home appliances before prices shoot higher. Several car dealership were reported to have suspended sales, unsure how far down the ruble will go, while Apple halted all online sales in Russia. (AP)

MOSCOW – The Russian government looked at ways of easing the selling pressure on the ruble Wednesday amid fears the country may face a full-blown bank run and as consumers look to buy big-ticket items before prices rise.

Read more

To category page

Loading...