The adage that in wartime you can have either guns or butter, but you can't have both never seemed more vividly illustrated than in Russia recently where the high cost of butter has thieves stealing it so often that protective covers had to be placed on it in supermarkets. With inflation running around 10% in Russia, interest rates at 21% and mortgages in similar territory, basic staple items such as butter (up 26% this year) have become harder for ordinary Russians to buy. Source: Financial Times Thefts of packs of butter have highlighted the impact of skyrocketing inflation on Russia’s war economy. President Vladimir Putin’s splurge on arms and ammunition has helped Moscow to maintain an advantage on the battlefield in Ukraine, but it is increasingly coming at the cost of soaring prices for everyday essentials. Security footage in Ekaterinburg, the capital of Russia’s defence industry, recently captured two masked men breaking into a dairy shop.
Guns & Butter: Butter Thefts Highlight Cost Of Russia’s War Economy
Ed Scarce, The Daily Dot
Tue, 11/19/2024 - 1:11pm
BING NEWS:
- Jason Corcoran: Russia’s Economy Is Spoiling as Putin Struggles to Balance Guns and Butter
As President Vladimir Putin doubles down on military spending, Russia’s economy is curdling, leaving Muscovites feeling the squeeze at the checkout. Butter – a simple staple – has turned into a luxury ...
11/20/2024 - 9:26 pm | View Link - Fact or Fiction: Butter being locked up in Russia?
It comes after a series of thefts in the country targeting stocks of butter. Butter, some meats and onions are about 25% more expensive in Russia than a year ago. The overall inflation rate in Russia ...
11/19/2024 - 3:06 pm | View Link - Guns & Butter: Butter Thefts Highlight Cost Of Russia’s War Economy
With inflation running around 10% in Russia, interest rates at 21% and mortgages in similar territory, basic staple items such as butter (up 26% this year) have become harder for ordinary Russians to ...
11/19/2024 - 7:48 am | View Link - Butter thefts highlight cost of Russia’s war economy
Russia’s central bank estimated inflation could reach as much as 8.5 per cent this year, double its target. Consumer goods are becoming more expensive at a faster pace: butter prices rose 26 per cent ...
11/10/2024 - 4:00 pm | View Link - Russia economy meltdown as people steal butter from shopping centres over inflation crisis
The price of butter in Russia has risen by more than a quarter in the past year, leading to a spate of thefts and a new term.
11/4/2024 - 1:02 pm | View Link - More
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