Russians Abandon Their Vodka

Economic hard-times hit Russia months ago, as banks stopped lending and the stock markets got so bad that the government's emergency rules kicked in to completely shut down trading on several occasions.

But the vast majority of Russians may only have read about those effects of the global credit crunch in newspapers.

Now, it's really hitting where it hurts. The CBS News' Moscow bureau filed this report on the growing trend of desperate Russians abandoning their beloved vodka.

Drastic times call for drastic measures. As Alexsei Kuznetsov reports, the return to traditional, homemade fire-water may put many Russians at risk of losing their lives, let alone their cash.