The Russian ruble has again become the most undervalued currency in the world, when according to the Big Mac index, at present a Big Mac in the US costs US$5.81 (about 444 rubles), while in Russia it costs 135 rubles, or US$1.77. Thus, the fair exchange rate of the Russian currency should be 23.24 rubles per dollar.
What does a Big Mac cost in Russia? In Russia, the burger would usually cost 135 roubles, or around $1, according to The Economist's Big Mac index.
“A Big Mac costs 135 rubles in Russia and $5.81 in the United States.
1 USD = 69.228115 RUB Jan 10, 2023 23:25 UTC
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Brands will have ceased its corporate presence in Russia," the company said. In March, Yum! Brands announced plans to end operations in Russia following Vladimir Putin's invasion of Ukraine.
KFC used to be one of the leading fast-food chains in the Russian market. AmRest operates 215 outlets, primarily in the largest Russian cities. In total, more than 1,000 KFC restaurants operated in the country at the beginning of 2022.
Go for a four-pack of yogurt (about 25 rubles per cup), a loaf of bread (20 rubles), or bottled water (15 - 100 rubles).
Running since 1986, the index tracks how much a hamburger that is essentially identical around the globe costs in different nations. “A Big Mac costs A$6.40 in Australia and US$5.81 in the United States,” the newspaper said this week.
Prices: At a modest restaurant, you can expect to pay about 500 roubles ($8) for a meal; at a mid-range restaurant, a three-course meal will cost around 2000 roubles ($35). A Business lunch option which includes a multi-course meal and a drink is offered at many restaurants – usually between 300-500 roubles.
In Russia, the burger would usually cost 135 roubles, or around $1, according to The Economist's Big Mac index.
A kilogram of bananas, oranges, or apples costs about 80/90/100 rubles, respectively (on sale), a carton or bottle of milk costs about 80-100 rubles, a carton of eggs costs about 70-100 rubles, a loaf of bread costs about 40-60 rubles, and a kilogram of flour costs about 70 rubles, depending on the store (see below).
Coffee: 65 - ₽ 150 ( US$ 2.10).
In close alignment with The Coca-Cola Company, we have stopped all production and sales of brands of The Coca-Cola Company in Russia. There are no plans to reintroduce The Coca-Cola Company brands or products in any format.
Prices of alcoholic beverages have been generally following a positive growth trend in Russia over the past decade. Cognac listed as the most expensive, while beer was the cheapest alcoholic beverage compared to the rest. The average price of vodka was measured at roughly 643 Russian rubles per liter in 2021.
KFC is the most prolific American fast food brand in Russia with over around 1,000 premises across the country. That is followed by McDonalds with close to 847, and Burger King, which operates roughly 800 restaurants in Russia. There are also 130 Starbucks coffee shops and 50 Pizza Hut restaurants in Russia.
Fast-forward a little over 20 years to Gorbachev's death, and Pizza Hut has shuttered its operations in Russia.
Yum! Brands has deals to sell its Russia-based franchises to local buyers. Jelisa Castrodale is an acclaimed writer based in the American South who has spent over a decade covering food, culture, travel, and sports for publications on both sides of the Atlantic.
WHAT CAN 2000 rubles buy in Russia? It is not a lot, at the current exchange rate (March 2021), 2,000 Rubles = about 27 USD. For example, you can buy about 5-10 movie tickets or 40 liters of milk or 40 kilos of sugar with this amount of money in Russia.
The current minimum wage in Russia is RUB16,242.00 per month in 2023. It became valid on January 1, 2023. The amounts are in Russian Ruble.
This average is based on 12 price points. It can be considered reliable and accurate. Latest update: December 15, 2022.