Financial Times FT.com

The middle class: New consumers present a conundrum

By Charles Clover in Moscow

Published: April 14 2009 15:59 | Last updated: April 14 2009 15:59

When she was still a child, just over 10 years ago, Anna Leonova, a student at Moscow State University, remembers vividly her family’s dire financial situation.

“There was one day I remember very well. We had three roubles left. Payday was the next day, but we didn’t know if my father would actually receive his salary.”

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