On Monday, the Economy Ministry announced that the economy contracted for the first time since October 2009. And last week even the prime minister Medvedev expressed concerns that Russia might slide into a deep recession.
But despite the onslaught of economic problems, it looks like not everyone’s worried.
Some Russians have started hashtagging instagram posts featuring large quantities of caviar with “#какойкризис” — aka #whatcrisis.
Several photos also include the hashtag #падениерубля — aka “the fall of the ruble” — as well as colourful commentary on the western sanctions.
(Note: these instagrams are not necessarily representative of how the average Russian feels. Many are currently struggling as a result of the currency crisis.)
A photo posted by Яна (@yana__vl) on Dec 12, 2014 at 2:54am PST
(Translation: #crisis #whatcrisis #haventheardofit #caviar #wellthisisadeliveryfromthenorth #caviar #yum #yummi #food
NOW WATCH: Money & Markets videos