After years of rapid expansion during President Vladimir Putin’s first stint as president, Russia's middle class has dwindled in the years since his return to office in 2012. Confrontation with the west after the annexation of Crimea, the resulting sanctions and the Kremlin’s focus on macroeconomic stability at the expense of prosperity have entrenched a stagnation which has hit middle-earners hard. By one count, Russia’s middle class shrunk 20 percent during the economic crisis that followed.
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