Russia Faces Stagflation Threat As Growth Slows

Moscow has funnelled billions of dollars to its army, soldiers and weapons makers to sustain its military campaign (Credit: AFP)

Prices for bread have jumped so much over the last few years that Russian pensioner Oleg Ivanovich sometimes has to go without.

But the 67-year-old says he doesn't mind having to make sacrifices for the sake of Russia's military offensive on Ukraine.