Last month, the hottest Hollywood film in Russia was supposedly ‘The Wolf of Wall Street,’ since theatres were playing old films

“The Wolf of Wall Street” is experiencing a resurgence in Russia over a decade after its debut.

As firms reduce inventories, sweeping international sanctions, boycotts, and a corporate exodus are wreaking havoc on Russia’s consumer sector. According to a Guardian story from May 20, when many big American studios ceased operations and stopped releasing new pictures in the nation, Russian movie theatres have shifted to rerunning old Hollywood blockbusters and presenting Chinese action flicks.

According to The Wall Street Journal, the situation is so severe in Russia that “The Wolf of Wall Street” was the most popular film in late May. Excess and corruption on Wall Street was the subject of a 2013 Martin Scorsese film starring Leonardo DiCaprio.

Since Russia invaded Ukraine on February 24, attendance at one chain of movie theatres in Russia has dropped 70 percent to 80 percent, according to the owner, who did not want to be recognized.

The manager of a prominent movie theatre told the Guardian, “We’ll be lucky if we make it till September without shutting down.” “No one wants to see ‘The Wolf of Wall Street’ a sixth time.”

Russia’s economy looks to be holding up in general. Bloomberg Economics projected this week that the commodity behemoth might still earn $800 million per day from oil and gas alone this year. However, data reveal that Russian customers are starting to suffer economic issues, and entertainment isn’t the only industry that’s been hurt. According to the Journal, auto components are now short, and dealers in Russia may now offer new automobiles without air bags or anti-lock brakes.

According to the news agency, Putin has increased the country’s minimum salary and pensions by 10% to assist combat rising inflation in the face of harsh sanctions over the Ukraine crisis.

“The government is doing everything it can to lessen the damage,” Ivan Fedyakov, CEO of St. Petersburg-based consultancy firm INFOLine, told the Journal. “They will surely witness an economic downturn, a drop in consumer expenditure, and a general deterioration of most economic indices since they cannot reverse the situation.”

The Russian economy is anticipated to drop 11.2 percent in 2022, according to the World Bank, marking the country’s greatest economic downturn in three decades since the collapse of the Soviet Union.