January 20, 2016
"But there is no money," reads the front page of this week's edition of Moscow-based magazine The New Times, alongside a caricature of Russian President Vladimir Putin as an empty-handed, pants-less joker whose socks need mending.
Russia is facing a deepening economic recession, caused notably by the low international oil price. And though Putin has repeatedly declared that the crisis has come to an end, a recent survey shows that more than half of Russians expect the situation to deteriorate.