PARIS— Russia’s tensions with the West over Ukraine and the slump for the ruble are echoing through the French Alps — and unfortunately for some businesses, just in time for ski season.
Hoteliers, taxi drivers and ski stations in France’s wintertime hotspots and beyond say a tourism boom by big-spending Russians in recent years is about to melt away because of Russia’s economic crisis, Western sanctions and a drop in oil prices that is keeping both uber-rich and middle class Russians away as the year ends.
As Moscow and the West began a faceoff over violence in Ukraine this year, Russian President …read more
Source: The Epoch Times
