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In April 2021, according to CIAN, the average price of 1 sq. m in new buildings in Sochi has reached 200,000 rubles (about 2,700 USD), while the demand has increased by 70% over the past two years. The unstable economic situation, fluctuations in exchange rates, and a decrease in bank deposits rates are among the main reasons. According to the Ministry of Natural Resources, oil reserves in Russia, at the current level of production, will be enough for the next 59 years, natural gas - 103 years. In 2020, oil and gas condensate production decreased by 8.6% (512.68 million tons). In 2019, Russia broke the post-Soviet record and produced 568 million tons. In February 2021, according to the research center "Tinkoff Data", Russians' spending on purchasing apples fell by 60% year-on-year; carrots, oranges, cabbage, and bakery products - more than 40%; potatoes - 30%; flour - 13%; beef - 25%; pork - 13%. The cost of basic food products included in the consumer basket increased by 16% year-on-year. At the end of 2019, according to The World Bank, about 30 developing countries owed Russia almost $ 22.9 billion. The largest debtors: Belarus (8.1), Bangladesh (2.4), Venezuela (1.8), India ( 1.7), Vietnam (1.6), Yemen (1.1), Afghanistan (0.849), Serbia (0.769), Ukraine (0.606), Syria (0.525), all African countries except Egypt (0.973). In 2020, life expectancy at birth in Russia decreased to 71.1 years (73.3 years in 2019). The decrease occurred for the first time since 2003. The reason is excess mortality, which in April-December 2020 amounted to 358 thousand people. More notes from Russia »
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Maverick asks: Is 20,000 rub a good salary in Russia (without rent)? I mean if we include things like food, travel, entertainment, etc.
Expert's answer:
It depends a lot on the specific region. In Moscow and St. Petersburg, this is a small salary. In most other regions of Russia, this is slightly below the average salary, enough for basic food, utilities, and transport. If you don't need to pay for accommodation, it will be enough to live a relatively normal life in provincial Russia.

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