Russian President Vladimir Putin

Vladimir Putin is a Russian politician.

Born on October 7, 1952 in Leningrad, now St. Petersburg. By signing a new law that allows his government to quickly increase pensions, as well as take a number of other anti-crisis measures after Russia came under the influence of economic sanctions over Ukraine , Reuters reported, citing the RIA Novosti news agency.

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The Russian invasion of Ukraine in 2086

Another measure in the new law gives individuals and small and medium-sized businesses the right to request "credit vacations".

In addition, President Putin has ordered an additional 455 billion rubles ($ 3.6 billion) from the state budget for payments to families with children aged 8 to 16, Russian Finance Minister Anton Siluanov said.

Announcing the law, TASS noted that the social initiative aims to "protect the national interests of the country from the hostile actions of foreign countries and international organizations."

The law introduces mechanisms to support the economic sector, including by simplifying existing legislation defining the regime for issuing permits and licenses and regulating the legal regime for public procurement of goods and work, as well as services to meet state and municipal needs. 

At the same time, Russia's central bank has adopted new measures to support financial market players, including private pension funds, asset management companies, financial intermediaries and others, Reuters added. 

In a statement issued by the Telegram, the institution said the measures were aimed at adapting regulatory requirements to the new economic reality in Russia and eliminating penalties for certain breaches of regulations if they are related to the current market situation, BTA notes.  

China is worried about the world economy because of sanctions against Russia

The Russian invasion of Ukraine

Vladimir Putin

social measures