Commentary: No more H&M and McDonald’s? Russians shrug and walk on

MOSCOW: I am walking through a mall in Moscow I frequent. The large H&M has shuttered and so has Uniqlo. McDonald’s and Starbucks are gone too.It has been five months since Russia invaded Ukraine. The international community condemned Russia’s aggression and imposed sanctions.

, the rouble strengthened again to a recent high of 52.3 to the dollar – a level last reached in the summer of 2015.In what felt like deja vu of the early pandemic days, Russians began emptying supermarket shelves of flour, sugar and toilet paper. Supermarkets resorted to imposing a limit of 1kg of sugar per household.

Locally produced bread, buckwheat, and meats have since become widely available. Their prices have indeed risen, but compared to the price of foreign luxury goods, they remain relatively affordable to consumers.

Source: Education Headlines (educationheadlines.net)

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