You're reading: The Moscow Times: Ruble slump hits Russians’ wallets, but support for Putin remains

Alexei Nikolayev, one of more than 56 million Russians who re-elected President Vladimir Putin in March, is already counting the likely cost of a weaker ruble: less spending power abroad, higher prices at home, and another round of belt-tightening.

But Nikolayev, a 56-year old graphic designer who enjoys foreign travel and imported wine, blames the West, not Putin, for the pain and has no regrets about voting for a politician he sees as the right man to guide Russia through troubled times.

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