Russian economy meltdown as potato prices soar 167% as ‘recession’ warning sent

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1. Vladimir Putin has been warned that Russia is facing an economic crisis as potato prices shoot up and fail to meet high demand. Prices of potatoes have skyrocketed by a staggering 167% over the last year, marking the most significant increase among foodstuffs.

   The Russian President admitted in May: “It turns out that we don’t have enough potatoes. I spoke with [President of Belarus] Alexander Grigoryevich Lukashenko. He said, ‘We’ve already sold everything to Russia’.”

   The soaring cost of this staple is attributed to poor harvests reducing supplies. Compounding this, households are turning to the typically affordable food option as their incomes shrink. Andrey Sizov, an expert on Russian commodities, said butter, eggs, and meat have also seen prices surge due to shortages.

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