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Russia's recession bites as Moscow eateries shutter
Moscow faces a wave of closures as upscale restaurants liquidate assets amid Western sanctions and a plunging ruble. Grocers, retailers, and hotels feel the squeeze as prices rise and layoffs mount. analysts warn the downturn may linger through the year. Notables include Olga Ovcharova and Igor Bukharov commenting on shuttered venues and industry forecasts.
MENTIONED IN THIS ARTICLE
Moscow
Anna Serzhantov
Sergei
IKEA
Serzhantovs
Olga Ovcharova
Time Out
Igor Bukharov
Russian Federation of Restaurateurs and
Russia
Levada Center
OPORA
Satesh Melwani
Alexei Amyotov
Look At Media