In the exclusive neighborhoods and palatial shopping malls of the United Arab Emirates’ biggest city, wealthy Russians can build a new life without having to cut ties to their home country.
Tag: Ruble (Currency)
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Russia’s Economy Contracts Sharply as War and Sanctions Take Hold
The country’s gross domestic product from April through June declined 4 percent from a year earlier, new government data shows.
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McDonald’s Is Back, Moscow Style, as Russian Economy Stumbles On
The reopening of the fast-food stores under Russian ownership (and with a new logo) illustrates the economy’s surprising resilience in the face of intense sanctions, though tough times lie ahead.