Free Republic

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.

Butter blocks enclosed in plastic boxes with "security chips" - these images are now common in Russian shops. Recently, butter imports have drastically fallen, and product prices have soared. This, in turn, has led Russians to start stealing instead of buying. For years, Russia was at the forefront of the world's largest food import markets, particularly leading in butter and cheese imports. Until 2022, butter arrived in Russia from all over the world. However, since the invasion of Ukraine, the situation has changed. Consequences of the invasion of Ukraine In 2022, Russia ranked 19th worldwide for butter imports. Over the...