Russia, on quest for budget savings, to raise retirement age


  • World
  • Thursday, 14 Jun 2018

Dmitry Medvedev attends a session of the State Duma, the lower house of parliament, in Moscow Russia May 8, 2018. Sputnik/Alexei Druzhinin/Kremlin via REUTERS

MOSCOW (Reuters) - Russia's government wants to raise the retirement age for both men and women and to increase value-added tax, unpopular measures it hopes will ease pressure on state finances, Prime Minister Dmitry Medvedev said on Thursday.

Russian officials, including President Vladimir Putin, have long talked about raising the retirement age but have shied away from doing so, in part because such measures risk stirring up popular discontent and damaging politicians' popularity.

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