A customer holds bread rolls as he stands with a shopping cart in the baked goods area inside a Perekrestok supermarket in Moscow. Consumers are retrenching after the ruble lost almost half of its value against the dollar in the past 12 months. Photographer: Andrey Rudakov/Bloomberg (Bloomberg) — Russian households are bearing the brunt of the blowback from the crisis in Ukraine and a tailspin in oil prices, setting the stage for the biggest drop in consumption in more than two decades that will deepen the country’s recession. Crushed by a 44 percent slump in the ruble in the past year as prices soar, retail sales are set for what Otkritie Capital predicts will be their biggest decline since the breakup of the Soviet Union in 1991, when savings were wiped out and households endured food shortages and hyperinflation. That’s unnerved consumers like Svetlana Korotkova, who’s stockpiling cereals and […]