PPRuNe Forums - View Single Post - Vnukovo3 What is happening?
View Single Post
Old 21st Jan 2015, 13:28
  #8 (permalink)  
Deep and fast
 
Join Date: Jan 2008
Location: another place
Posts: 736
Likes: 0
Received 0 Likes on 0 Posts
Off topic now, but Russia have cut back on imports and are spending internally so the citizens are seeing more income in farming and home produced goods due to this and it's prooving popular. Oil and gas I guess are sold in dollars so once converted back to RUB means this sector should be doing ok.
Russian holiday companies and airlines are seriously affected as leasing costs and down route fuel are more expensive meaning Sasha and Masha can't afford their all inclusive package tour this year.
Oligarchs, well lots of their investments are out of Russia as well so they could cash in for a windfall if they sell up. But having all your eggs in the russian federation could be risky, If you fall out of favour with Mr P.
Still, I think he has his own problems to deal with.
Sure activity may be down but the billionaires won't give up their opulent lifestyle without a fight.

D and F
Deep and fast is offline