ANALYSIS-Russians feel little economic pain now, long-term outlook darkens

Shipments to Russia from Malaysia, Vietnam, South Korea, and Taiwan more than halved. Russia has stopped publishing most data on financial flows, but figures compiled by the Bank of Finland based on local customs data showed. (File pic Malaysi's North Port, Klang.)

LONDON: For Oleg Kechin, owner of a chain of barbershops, forecasts that Russia will be plunged into its deepest economic crisis in a generation feel overdone.

U.S. President Joe Biden may have promised that Western sanctions would wreak economic havoc in Russia, but Kechin's business is still drawing in customers in the town of Saransk, which lies 510 km (320 miles) southeast of Moscow.