Subscribe to Breaking News emails

You have successfully subscribed to the Breaking News email.

Subscribe today to be the first to to know about breaking news and special reports.

Russian Inflation: Murmansk Prostitutes Hike Rates

/ Source: CNBC.com

Breaking News Emails

Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.

In Russia, the ruble is down, inflation is up and prices for prostitutes are rising. The price per hour of brothel services has been raised by up to 40 percent in the Arctic port of Murmansk, according to a report by the FlashNord news agency.

One brothel owner quoted in the article said "the girls can't work at a loss." There are a lot of external pressures on both prostitutes and their clients. The ruble has nearly halved in value against the dollar this year, the price of oil, Russia's most valuable export, has plummeted to 5 year lows, Russia's economic growth has stalled, and Western governments have imposed sanctions against Russian businesses and individuals over the conflict in Ukraine.

Breaking News Emails

Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.

SOCIAL

-- CNBC

Breaking News Emails

Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.
MORE FROM news

Have feedback?

How likely are you to recommend nbcnews.com to a friend or colleague?

0 = Very unlikely
10 = Very likely
Please select answer

Is your feedback about:

Please select answer

Thank you!

Your feedback has been sent out. Please enjoy more of our content.

We appreciate your help making nbcnews.com a better place.