June 22, 2021

The Mai Tais Are Worth It


The Mai Tais Are Worth It
Ah, nothing like the brisk Baltic coast in July. Strandkorbs at Ahlbeck Beach, Wikimedia Commons

Who doesn't have wanderlust induced by COVID restrictions? We sure do, and apparently lots of Russians do, too; so much that they're taking on debt for a chance to slip away for a while.

According to a recent report in Izvestia, a record number of Russians have itchy feet thanks to being locked inside for so long. Lack of international travel isn't discouraging them, and this, coupled with what for many have been unemployed months, has led to skyrocketing demands for "vacation loans."

A surge in loans has occurred this spring – in some locales, up 160 percent from last year – and it's estimated that a quarter of borrowers plan to use the cash to relax. While the wave is a common phenomenon, this year's run is one of the largest in memory, with amounts averaging between R700,000 and R800,000 (about $9,500-11,000). That is over 40 percent higher than in previous years, with dubious repayability.

But in the end, isn't the R&R worth it? We can't say we blame them for wanting to escape for a while. Just watch out for bears.

You Might Also Like

New Economic Policy
  • March 01, 2021

New Economic Policy

In the Soviet era, NEP had always been regarded as a strange, only vaguely understood, and not very sensible chapter in Soviet history: a pause between the heroic Civil War and the no less heroic Five-Year Plans.
Smells Like Money
  • April 09, 2021

Smells Like Money

Soon American coins won't be the only "scents" that are exchanged inside Sberbank's buildings, as Russia's national bank plans to introduce its own perfume. 
Heavily Taxed
  • March 30, 2021

Heavily Taxed

While some countries are considering doing away with coin money, this Russian citizen is still making the most out of their rubles and kopeks. 
Like this post? Get a weekly email digest + member-only deals

Some of our Books

Life Stories
September 01, 2009

Life Stories

The Life Stories collection is a nice introduction to contemporary Russian fiction: many of the 19 authors featured here have won major Russian literary prizes and/or become bestsellers. These are life-affirming stories of love, family, hope, rebirth, mystery and imagination, masterfully translated by some of the best Russian-English translators working today. The selections reassert the power of Russian literature to affect readers of all cultures in profound and lasting ways. Best of all, 100% of the profits from the sale of this book are going to benefit Russian hospice—not-for-profit care for fellow human beings who are nearing the end of their own life stories.

The Latchkey Murders
July 01, 2015

The Latchkey Murders

Senior Lieutenant Pavel Matyushkin is back on the case in this prequel to the popular mystery Murder at the Dacha, in which a serial killer is on the loose in Khrushchev’s Moscow...

Woe From Wit (bilingual)
June 20, 2017

Woe From Wit (bilingual)

One of the most famous works of Russian literature, the four-act comedy in verse Woe from Wit skewers staid, nineteenth century Russian society, and it positively teems with “winged phrases” that are essential colloquialisms for students of Russian and Russian culture.

Steppe
July 15, 2022

Steppe

This is the work that made Chekhov, launching his career as a writer and playwright of national and international renown. Retranslated and updated, this new bilingual edition is a super way to improve your Russian.

The Little Humpbacked Horse
November 03, 2014

The Little Humpbacked Horse

A beloved Russian classic about a resourceful Russian peasant, Vanya, and his miracle-working horse, who together undergo various trials, exploits and adventures at the whim of a laughable tsar, told in rich, narrative poetry.

About Us

Russian Life is a publication of a 30-year-young, award-winning publishing house that creates a bimonthly magazine, books, maps, and other products for Russophiles the world over.

Latest Posts

Our Contacts

Russian Life
73 Main Street, Suite 402
Montpelier VT 05602

802-223-4955