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Keyword: runawayruble

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  • Russian supermarkets see spike in butter theft as economic crisis leaves people desperate

    11/27/2024 3:30:14 AM PST · by marcusmaximus · 52 replies
    Express UK ^ | 1/26/2024 | Charlie Bradley
    Russia has seen a huge spike in butter theft as inflation and Western sanctions send Moscow's economy into crisis. The BBC's Russia Editor, Steve Rosenberg, highlighted reports in Russian media outlining how "people are stealing butter because of high prices." He added: "Some shops have decided to sell packs of butter in security boxes to reduce theft." -snip- Meanwhile, the government newspaper in Moscow warns that interest rates could go up again despite the Russian Central Bank's already-record hike to 21%. The paper warns they could rise to 23% in December.