From MT:
"Moscow Pensions Set at $215 Per Month"
Moscow pensioners will likely next year see their minimum benefits package raised by 544 rubles to 9,046 rubles ($215) a month, the City Duma said in a statement Monday. The amount, called the minimum subsistence income, has been agreed by the City Duma's Commission on Social Policy and Labour Relations. While a few months ago the 7.5 percent would have meant a real terms rise, sharp falls in the value of the ruble and price rises following Moscow's bans on food imports from Western countries have seen inflation rocket to 8 percent. In Moscow, one of the world's most expensive cities, 9,046 rubles doesn't go far. It would buy you a cup of coffee from Starbucks every day, but leave you with no change at the end of the month. The average Moscow salary, meanwhile, is around 50,000 rubles ($1,200) a month.
^ I remember when I lived in Russia. I could live like a king on my monthly allowance and yet whenever I went to Moscow that same amount bought me very little (and that didn't include a hotel as I always stayed with friends.) Moscow is the most expensive city in Russia and one of the most expensive in the world. There is no real reason for that other than the high corruption and mafia dealings. Ordinary Russians have to struggle for ends meat while the small percentage of the population controls the prices, etc. The food import ban and Russia's self-imposing isolation (along with the sanctions placed on the country) are continuing to hurt the regular people while the rich barely notice. This is only going to get much worse unless the Russian Government changes its policies. The Soviet Union collapsed mainly because of over-spending in certain areas (like defense) and they had no international currency or earnings to help them. It looks like modern Russia is on the point of starting that downhill slope. It is good when a country can make itself not reliable on the outside world, but doing so without having the technology, finances, natural resources, etc to back it up only hurts the country and its people. ^
http://www.themoscowtimes.com/business/article/moscow-pensions-set-at-215-per-month/510155.html
"Moscow Pensions Set at $215 Per Month"
Moscow pensioners will likely next year see their minimum benefits package raised by 544 rubles to 9,046 rubles ($215) a month, the City Duma said in a statement Monday. The amount, called the minimum subsistence income, has been agreed by the City Duma's Commission on Social Policy and Labour Relations. While a few months ago the 7.5 percent would have meant a real terms rise, sharp falls in the value of the ruble and price rises following Moscow's bans on food imports from Western countries have seen inflation rocket to 8 percent. In Moscow, one of the world's most expensive cities, 9,046 rubles doesn't go far. It would buy you a cup of coffee from Starbucks every day, but leave you with no change at the end of the month. The average Moscow salary, meanwhile, is around 50,000 rubles ($1,200) a month.
^ I remember when I lived in Russia. I could live like a king on my monthly allowance and yet whenever I went to Moscow that same amount bought me very little (and that didn't include a hotel as I always stayed with friends.) Moscow is the most expensive city in Russia and one of the most expensive in the world. There is no real reason for that other than the high corruption and mafia dealings. Ordinary Russians have to struggle for ends meat while the small percentage of the population controls the prices, etc. The food import ban and Russia's self-imposing isolation (along with the sanctions placed on the country) are continuing to hurt the regular people while the rich barely notice. This is only going to get much worse unless the Russian Government changes its policies. The Soviet Union collapsed mainly because of over-spending in certain areas (like defense) and they had no international currency or earnings to help them. It looks like modern Russia is on the point of starting that downhill slope. It is good when a country can make itself not reliable on the outside world, but doing so without having the technology, finances, natural resources, etc to back it up only hurts the country and its people. ^
http://www.themoscowtimes.com/business/article/moscow-pensions-set-at-215-per-month/510155.html
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.