Russia is facing its worst economic crisis since 1998, with its economy now expected to slide into recession in 2015. And the emergency action just taken by Russian president Vladimir Putin shows he may be acknowledging the growing depth of the peoples’ despair.
With an economy threatened by international sanctions and falling oil prices, with the ruble crashing to dangerous lows, The Independent reports on Putin’s move to calm the deepening unrest in his troubled country — a proposal to freeze the price of Russians’ favorite intoxicant:
He stayed strong as the price of oil cratered, but Russian president Vladimir Putin has finally been forced to intervene on an even more critical commodity: vodka.
…Putin’s announcement, that high vodka prices encourage the production of potentially harmful bootleg spirits and should be capped by the government, is possibly the first sign that economic pressures are getting to him.
By clicking on the video above, you can watch a Euronews report on the move that could well have Russians toasting their president.
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