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Itâs clear that Russia is now suffering from ill winds. The country largely avoided the punishment that most of Europe has endured since the 2008 crash and austerity is an unknown concept to the youth. If the rouble doesnât recover soon and if sanctions are made permanent there will be even more serious costs for the Russian people.
Note that nearly 77% of the entire Russian population (about 110,000,000 people out of an approximate total Russian population of 141,000,000) lives in European Russia. Europe Information Links to European information that are updated daily.