Slaking Russia's taste for consumer goods

The transcript discusses Sergei Ivanov's long wait for a car in Russia, reminiscent of Soviet-era waiting lists. This situation is part of a larger consumer boom in Russia, driven by increased petrodollars and consumer spending. Retailers are experiencing growth, with more customers and higher sales. The boom is supported by rising salaries and the availability of short-term loans and credit cards, allowing consumers to spend beyond their means. However, this growth is not uniform across Russia, with many still living in poverty and average salaries remaining low.

What is the main reason for Sergei Ivanov's long wait for his car?

• Economic sanctions affecting car production

• A shortage of Soviet-made sedans

• High demand for imported SUVs

• Government restrictions on car imports

What has contributed to the consumer boom in Russia?

• Decreased oil prices

• Government subsidies for retailers

• Increased petrodollars and salaries

• Reduction in import taxes

How have Russian consumers been able to purchase beyond their means?

• By investing in the stock market

• Through government grants

• With the help of foreign aid

• By using short-term loans and credit cards

What is the average monthly salary in Russia, according to the transcript?

• $500

• $700

• $1000

• $300

What percentage of Russians still live below the poverty line?

• 10%

• 15%

• 20%

• 25%