September 24, 2008 / 5:11 PM / 9 years ago

Crunch could be a plus for Russian luxury: Simachev

<p>Russian designer Denis Simachev poses for a picture in his boutique in Moscow September 19, 2008. As Russia is hit hard by the financial crisis, now it the time to spend lavishly, says Moscovite fashion designer Denis Simachev. Picture taken September 19, 2008. REUTERS/Thomas Peter</p>
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