Russia's Kudrin says mass layoffs show crisis deepening


  • World
  • Saturday, 24 Jan 2015

DAVOS, Switzerland (Reuters) - Russia is starting to see a wave of mass layoffs as a result of the plunging economy and needs to rethink where and how fast it spends its reserves, former finance minister Alexei Kudrin said.

Kudrin resigned from the government in 2011 to protest against soaring military spending, but is believed to still have the respect of and access to President Vladimir Putin.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Dominican Republic voters head to polls, incumbent Abinader the favorite
Bezos' Blue Origin to launch first crew to edge of space since 2022 grounding
Forty-seven dead in heavy rain, floods in northern Afghanistan, official says
Russian air attack on Kharkiv kills at least five, says local official
Slovak PM Fico no longer in immediate danger but condition serious, deputy says
Uganda captures bomb expert of Islamic State-allied rebel group
France mobilises police to regain control of New Caledonia airport road
WikiLeaks' Julian Assange faces U.S. extradition judgment day
Tourist couple injured in militant shooting in India's Kashmir amid elections
Eruption of Indonesia's Mt Ibu forces seven villages to evacuate

Others Also Read