At a time when Russian citizens are facing numerous issues triggered by sanctions, Russian President Vladimir Putin, while giving speech at huge pro-invasion rally, donned a Loro Piana jacket. &nbsp;

The clothing is worth nearly 1.5 million Russian roubles, which is equivalent to around $13,181 or £10,200. It is also worth around 25 times the average monthly salary of Russians. &nbsp;

The 69-year-old president vowed to fight for the 'universal values' of all Russians in an expensive jacket&nbsp;when citizens face poverty. &nbsp;

Also Read:&nbsp;<a href="https://www.wionews.com/world/live-ukraine-claims-to-block-russian-forces-advance-into-kyiv-463637" hreflang="en">LIVE | Ukraine claims to block Russian forces' advance into Kyiv</a>

In Russia, many designer shops have already shuttered but still the president could get the luxury Italian coat when the country's economy has crashed dismally. &nbsp;&nbsp;

The sanctions imposed by Western nations over Ukraine invasion have forced Russians to deal with a huge financial crisis. &nbsp;&nbsp;

Also Read |&nbsp;<a href="https://www.wionews.com/world/ukraine-russia-conflict-time-for-meaningful-talks-says-president-volodymyr-zelenskiy-463642">Ukraine-Russia conflict: Time for meaningful talks, says President Zelensky</a>

As of March 11, the annual inflation in Russia has risen to 12.54 per cent, which is a big reason to worry for citizens living under Putin's regime. &nbsp;&nbsp;

Yulia Shimelevich, who is a 55-year-old French tutor in Moscow, said, "My life has already collapsed. All the luxuries that we had grown accustomed to, in recent years, like imported products and clothes, are already in the past. The hardest part will not be tightening our belts... but separation from my son and a feeling of guilt in front of the whole world." &nbsp; &nbsp;

(With inputs from agencies)&nbsp;

At a time when Russian citizens are facing numerous issues triggered by sanctions, Russian President Vladimir Putin, while giving speech at huge pro-invasion rally, donned a Loro Piana jacket.

At a time when Russian citizens are facing numerous issues triggered by sanctions, Russian President Vladimir Putin, while giving speech at huge pro-invasion rally, donned a Loro Piana jacket. The clothing is worth nearly 1.5 million Russian roubles, which is equivalent to around $13,181 or £10,200. It is also worth around 25 times the average monthly salary of Russians. The 69-year-old president vowed to fight for the 'universal values' of all Russians in an expensive jacket when citizens face poverty. Also Read: LIVE | Ukraine claims to block Russian forces' advance into Kyiv In Russia, many designer shops have already shuttered but still the president could get the luxury Italian coat when the country's economy has crashed dismally. The sanctions imposed by Western nations over Ukraine invasion have forced Russians to deal with a huge financial crisis. Also Read | Ukraine-Russia conflict: Time for meaningful talks, says President Zelensky As of March 11, the annual inflation in Russia has risen to 12.54 per cent, which is a big reason to worry for citizens living under Putin's regime. Yulia Shimelevich, who is a 55-year-old French tutor in Moscow, said, "My life has already collapsed. All the luxuries that we had grown accustomed to, in recent years, like imported products and clothes, are already in the past. The hardest part will not be tightening our belts... but separation from my son and a feeling of guilt in front of the whole world." (With inputs from agencies)

As Russians face financial crisis, President Vladimir Putin dons costly Loro Piana jacket in pro-war rally

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As Russians face financial crisis, President Vladimir Putin dons costly Loro Piana jacket in pro-war rally