Vladimir Putin is facing growing discontent from Russian businesses as sanctions begin to bite amidst Russia's conflict with Ukraine. The UK's Ministry of Defence has noted: "Criticism of high interest rates is growing amongst Russian business.

With soaring inflation and the ruble dropping to one of its lowest levels against the dollar since President Vladimir Putin launched his war in Ukraine, this year Russians will have to pay more for the dish, which is traditionally served alongside caviar and tangerines, before the New Year is toasted in.

Vladimir Putin might have lost a slice of revenue after Kyiv closed its gas pipeline to Russian supplies, but Moscow already has alternatives for shipping the fuel that stand to shield it from any serious economic hit.