Russian sectors, from building materials to craft beer, took advantage of the ruble’s drop to undercut better-known imported rivals and gain a bigger domestic market share.
Oil companies were also helped, as they sell their product for dollars but have many expenses in rubles, helping to temper the financial pain from lower crude prices.
Stereotypically the preserve of American hipsters, craft beer entered Russia through St. Petersburg, the country’s historic “window on Europe,” but now some of the most popular brews come from unexpected places like the industrial Ural mountains city of Yekaterinburg or from Tula, better known for making the Russian …read more
Source: San Francisco Chronicle
