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Russian Inflation: Murmansk Prostitutes Hike Rates

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.

Pres. Obama: Putin's strategy damaging Russian economy 1:55

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-- CNBC