NEWSWATCH: “The New Poor: How The Ongoing Crisis Has Devoured Russia’s Small Middle Class” – Moscow Times/Boris Grozovsky

This winter will mark three years since Russia abruptly embarked on a course of political and economic isolation. Lower oil prices and the devaluation of the ruble dealt a serious blow to the population’s economic well-being.

By its own evaluation, Russia’s middle class shrank by more than 16 percent, shedding an incredible 14 million people.

Click here for Moscow Times/Boris Grozovsky: “The New Poor: How The Ongoing Crisis Has Devoured Russia’s Small Middle Class”