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Dmitry Medvedev
Russia's economic woes 'critical' as ruble continues to tumble
Russia's economic woes 'critical' as ruble continues to tumble

Irina Fedulova and her husband have repaid more than one-third of their $150,000 housing loan, but they owe more than when they started, thanks to the collapse of the Russian ruble. The loan was in dollars but “our salaries are in rubles, and we realize we can't pay it the way things are,” the 42-year-old chemist said by phone from Nizhny Novgorod. “We are so desperate we might have to sell our three-room apartment and move into a smaller one, if we can afford it now.” Millions of middle-class Russians are facing unexpected hardship this winter amid a 40% decline in global oil prices and Western sanctions aimed at punishing Moscow for its annexation of Crimea...

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