Back to 1998
More than 23 years have passed since Russia declared a technical default for the first and last time. We present to you the chronicle of the 1998 crisis. At that time, Russians invested rubles that were depreciating before their eyes in food, household appliances, and some tried to buy currency with the last funds.
A fight near the branch of the SBS-Agro bank in Moscow, August 1998.
Currency exchange by hand near Kievsky railway station in Moscow, August 1998.
A resident of Moscow with a bag of flour in the city center, September 1998.
ATM queue, August 1998.
Muscovites are dragging household appliances and electronics from the store, August 1998.
About a thousand unemployed Muscovites in line for the job fair, September 1998.
Buyers at the market in Moscow, January 1999.
Queue at one of the exchange offices in Moscow, September 1998.
Currency exchange office, March 1999.