Ruble slump hits Russians’ wallets, not their support for Putin

FILE PHOTO: Russia's President Vladimir Putin gestures during the joint press conference with U.S. President Donald Trump in the Presidential Palace in Helsinki, Finland July 16, 2018. Lehtikuva/Jussi Nukari via REUTERS/File Photo ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THRID PARTY. FINLAND OUT. NO THIRD PARTY SALES.

MOSCOW (Reuters) – Alexei Nikolayev, one of more than 56 million Russians who re-elected President Vladimir Putin in March, is already counting the likely cost of a weaker ruble: less spending power abroad, higher prices at home, and another round of belt tightening. But Nikolayev, a 56-year old graphic designer who enjoys foreign travel and […]

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