It depends on who you are speaking too. I for one am on a Ruble contract,
and I have been through a lot of such situations since coming here many
years ago. My rent is in rubles but when the rate went down to 23, I was
requested adjusted dollar to ruble rate at 28 and now they want to change it
back to dollars at a rate of 28 is that fair? 

Your comment seems a little one sided considering the amount of people who
have lost their jobs recently. Expats are brought into a country for a
reason (in most cases), to help companies get established who needed
experienced personal to help set up various companies where the country in
question didn't have the in-house knowledge. 

Don Craig

From: [email protected]
[mailto:[email protected]] On Behalf Of Human
Resources
Sent: Saturday, February 14, 2009 2:55 PM
To: [email protected]
Subject: Expat List apartment rate decines - sad really



Love the (our) expat crowd, been around the FSU for 15 years.

But, seriously is there any group as ill equipped for survival?

Rents are down.
Russia is in an economic crisis.
Ruble rents are down.
If you paid USD4,000 a month and it was 92,000RFR, you should be paying
FEWER RFR today not more. And certainly NOT negotiating to pay 40% more in
rubles by returning to the USD rate. Without exception, every one of our
commercial and residential renters is taking a haircut on rents in ruble
terms.

You can find a better place for 92,000RFR.  Leave now.  Move on.  Feel the
wind in your hair and the return of your sense of personal dignity.
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