Russian woes worsen as recession looms

Russians face gloomy holiday season with falling currency value and sanctions crippling their purchasing power.

    Russia's President Vladimir Putin is preparing to make his annual address to parliament but his speech comes at a critical time - with the economy threatened with recession, the currency losing value, and international sanctions biting hard.

    In Moscow, the holiday season is also getting under way but it is failing to give people much encouragement about the future.

    Al Jazeera's Peter Sharp reports from Moscow, Russia.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Visualising every Saudi coalition air raid on Yemen

    Visualising every Saudi coalition air raid on Yemen

    Since March 2015, Saudi Arabia and a coalition of Arab states have launched more than 19,278 air raids across Yemen.

    Lost childhoods: Nigeria's fear of 'witchcraft' ruins young lives

    Lost childhoods: Nigeria's fear of 'witchcraft' ruins young lives

    Many Pentecostal churches in the Niger Delta offer to deliver people from witchcraft and possession - albeit for a fee.

    Why did Bush go to war in Iraq?

    Why did Bush go to war in Iraq?

    No, it wasn't because of WMDs, democracy or Iraqi oil. The real reason is much more sinister than that.