Support The Moscow Times!

Looking Back at the 1998 Financial Crisis

The 1998 financial crisis might have happened twenty years ago today, but for many Russians, memories of when the government devalued the ruble and defaulted on its debt are still fresh.

Moscow Times photographers Mikhail Metzel, Igor Tabakov and Vladimir Filonov were in Moscow to capture the impact of the crisis on ordinary Russians.

The need for honest and objective information on Russia is more relevant now than ever before!

To keep our newsroom in Moscow running, we need your support.