Russian Consumers Still in Shock as They Cut Back on Food and Medicine

  • June retail sales shrank for record 18th month, survey shows
  • Russians save on medicine, buy less food as recession lingers

Almost a third of Russians now buy less food than before.

Photographer: Andrey Rudakov/Bloomberg

With stores from near the Arctic to the foothills of the Caucasus Mountains, Magnit PJSC would be the first to know when the Russian consumer is back. Instead, the nation’s largest supermarket chain has just come across something it’s never seen.

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