The financial crisis has had a profound impact on the Russian lifestyle. Previously known as a high-spending hedonist, the average Russian consumer has slashed his spending on luxuries, even on basic items such as food. And, although businessmen are seeing green shoots of recovery, analysts warn that the new austerity is here to stay for [...]
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Russia Now: The financial crisis has had a profound impact on the Russian lifestyle – Telegraph
Posted by Matt in October 29th, 2009 | no comment
Published in Russia, Austerity, Businessmen, Consumer Spending, Financial Crisis, Foreseeable Future, Global Financial Crisis, Lifestyle, Luxuries, Profound Impact, Russia, Telegraph
Outside View: India’s new sub — Part 1
Posted by Matt in July 18th, 2008 | no comment
Published in India, Russia, Amur, Cooperation, India, Komsomolsk, Latest Hot News, Leasing, Nuclear Submarine, Profound Impact, Russian Project, submarines
The leasing by India of a Russian Project 971 nuclear submarine built in Komsomolsk-on-Amur is the latest hot news.
The agreement, whose significance for Russian-Indian cooperation has yet to be assessed, could have a profound impact on the balance of forces in the region.
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