Pay cut for Putin: Russia's billionaire president slashes salaries, including his

March 6, 2015 2:39 PM

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Pay cut for Putin: Russia's billionaire president slashes salaries, including his

Vladimir Putin, by some accounts the richest man in the world, has ordered an across-the-board pay cut for government workers - including himself.

Falling oil prices and tightened economic sanctions have given new meaning to "bearish economy" in nation, and President Putin, who has controlled Russia from the positions of prime minister or president since 1999, is giving everyone on the Kremlin payroll a 10 percent pay cut. The move was signed ...

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