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Russia proposes to increase age for government payments for children in low income families from 8 - 16 years old - March 7, 2022

sharon sanders

Editor-in-Chief & President
Russian source.


(updated: 00:33 03/08/2022)
65922

Putin spoke about new payments for children from 8 to 16 years old
Putin: new payments for children from 8 to 16 years old to all low-income families will begin in May




MOSCOW, March 8 - RIA Novosti. Russian President Vladimir Putin proposed to establish payments for children aged 8 to 16 from April 1 for all low-income families, they will start receiving them from May.

more...

zhttps://ria.ru/20220308/vyplaty-1777100622.html
 
Last edited:
This is a program proposed today by the president of Russia and printed in the state media. It is not propaganda as that media is essentially a government outlet. Whether the payments are actually made to families in May is another issue.

Reading official media reveals a lot about what the mindset of the leaders is. You don't read it for face value. You read it to ascertain what is really going on behind the scenes.

In this case it is possible the leader(s) are under some social pressure at this time to offer such an expensive program.
 
455 billion rubles is roughly 3.3 billion USD today

Interesting timing for a country who is going to be hit hard economically after all the world sanctions take affect.


Russian source.


(updated: 16:08 03/08/2022)
6341


455 billion rubles will be allocated for payments to families with children from 8 to 16 years old
Siluanov: expenses for payments to families with children from 8 to 16 years old will amount to 455 billion rubles

MOSCOW, March 8 - RIA Novosti.
More than 400 billion rubles will be allocated from the budget for payments to low-income families with children from eight to 16 years old, Finance Minister Anton Siluanov said.


more...

zhttps://ria.ru/20220308/vyplaty-1777152551.html
 
Russia's ruble worth less than 1 cent after West tightens sanctions

UPDATED ON: MARCH 1, 2022 / 2:34 AM / CBS/AP

Russia's currency is tumbling after Western nations on Saturday agreed to put crippling sanctions on the country's financial sector in retaliation for its invasion of Ukraine.

The ruble fell about 30% against the dollar Monday — making it worth less than 1 U.S. cent — after the U.S., European Union and United Kingdom announced moves to block some Russian banks from the SWIFT international payment system and to restrict Russia's use of its massive foreign currency reserves. The system is used to move billions of dollars around more than 11,000 banks and other financial institutions around the world.

The ruble recovered ground after Russia's central bank sharply raised its key interest rate Monday to shore up the currency and prevent a run on banks. But it was trading at a record low 105.27 per dollar, down from about 84 per dollar late Friday.

... A weaker ruble could cause inflation to surge, potentially angering Russians whose budgets will be stretched by soaring prices. It will also add to strains across Russia's financial system.

A sharp devaluation of the ruble would mean a drop in the standard of living for the average Russian, economists and analysts said. Russians are still reliant on a multitude of imported goods and the prices for those items are likely to skyrocket. ...

https://www.cbsnews.com/news/russia-ukraine-ruble-sanctions/
 
Russian source

(updated: 14:06 03/17/2022)
2371


Allowances for children from 8 to 16 years old will be paid in May
In May, payments will begin for children from 8 to 16 years old growing up in low-income families


snip

"It is important to continue to support parents. In May, we will begin payments for children from 8 to 16 years old, growing up in families with low incomes. They will be accrued for the period from April 1," Mishustin said at a meeting of the Russian government via videoconference.

zhttps://ria.ru/20220317/vyplaty-1778656918.html
 
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