Russian ruble hits record low as inflation drives up prices and pensioners struggle

The Russian ruble has fallen to its lowest value since March 2022, causing prices for consumer goods to rise sharply. Retailers are locking up butter to prevent theft as inflation reaches around 8 percent. Pensioners are particularly affected, with many receiving just £146 a month. A retired teacher in St Petersburg expressed frustration over rising prices, stating that everything is becoming unaffordable. The Russian government has allocated a significant portion of its budget to defense despite economic struggles. The National Welfare Fund's assets have dropped from £110 billion to £43 billion since February 2022, further impacting the economy.