Quentin D. Solano
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Quentin D. Solano in Breaking news,

Budget airline stops flying to Moscow

Russians can't afford to holiday abroad because of the economic plunge.

It seems that a lot of Russians can no longer afford to fly -- not even on budget flights.

Easyjet said it's canceling its flights between Moscow and London, because of "significant and sustained reduction in demand for travel in recent months."

The decline has been driven by a number of factors, including the "macro-political environment, the weakness of the Russian economy together with the tightening of the visa approval process," the budget European airline said in a statement. EasyJet has already cut the number of flights to Russia by half this summer.

The Russian economy has been hit hard by tumbling oil prices andsanctions, imposed on Moscow by Western countries over its involvement in the crisis in Ukraine. Real wages have plummeted and inflation has soared. Official statistics show that around one in seven Russians is now living below the poverty line.