The Kremlin has shifted emphasis away from encouraging growth, which is now strong, to tackling pressing social problems like pension reform. Ben Aris finds out that, although a good plan has got off to a bad start, there is hope for the future.

Marina is standing outside the Valentino shop in tears. She received her monthly Rbs400 pension ($15) yesterday but lost her avoska, the occasional shopping bag that all Russians used to carry, along with her purse.

The Banker's articles are exclusively available to registered users and full subscribers

Register for FREE limited access to global banking and finance coverage

Gain easy and instant access to:

  • 3 free views each month
  • Latest headlines and trends
  • Weekly e-newsletter
 

  

 

 

Already registered? Click here to sign in

Need more? An annual subscription to The Banker provides a wealth of banking and finance knowledge covering a wide range of countries, markets and profiles.
Click here to find out more.

 

By continuing to use this site you consent to the use of cookies on your device as described in our cookie policy unless you have disabled them. You can change your cookie settings at any time but parts of our site will not function correctly without them.