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Russia’s Putin slashes 10 pct of own salary

Prime Minister Dmitry Medvedev’s and a number of other high-ranking officials’ salaries will also be cut by 10 percent

Published: Updated:

Russian President Vladimir Putin slashed his own salary, and that of his prime minister, by 10 percent as the country continues to face economic hardships, Russia Today news website reported.

Prime Minister Dmitry Medvedev’s and a number of other high-ranking officials’ salaries will also be cut by 10 percent between March 1 and December 31, 2015, following a decree Putin signed on Friday.

While Putin said this was a temporary ruling, his press secretary said the salary cuts may extend into 2016, RIA-Novosti news agency reported.

“If the conditions do not change significantly, this period will be extended. If there will be a change for the better then there will be no more reason for the extension,” he added.

The reduction will also affect all members of the government including the foreign minister, Sergey Lavrov, defense minister, Sergey Shoigu, and members of parliament.

Russia Today cited the Russian-language business daily Vedomosti in reporting that Putin earned around 3.6 million rubles in 2013, $120,000 at the time, but the president’s salary was increased by 2.65 times in April 2014.