Putin and Medvedev to Take 10 Percent Salary Cut

The decision also includes several administrative employees in the presidency, the government, and the Accounting Authority.

Last week, the President of Russian Duma Serguei Narishkin announced that he submitted a proposal to the heads of different political blocs in the Russian Parliament to discuss the possibility of reducing the salaries for members of parliament as well.

Interfax news agency quoted a Russian parliamentarian as saying that a Duma member receives a salary of 360,000 ruble (around $5,700) per month, which is 12 times the average salary in Russia.

The Russian economy has been suffering since the end of last year as a result of Western sanctions imposed against Moscow in response to the Russian stance regarding the Ukrainian crisis, and also due to the drop in oil prices, a substantial source of revenue in the country’s budget.

Major economic organizations speculate that Russia will suffer from an economic recession in 2015.