Russian President Vladimir Putin speaks with Prime Minister Dmitry Medvedev before a meeting with members of the government in Moscow, Russia January 15, 2020. Sputnik/Dmitry Astakhov/Pool via REUTERS
MOSCOW (Reuters) - President Vladimir Putin announced measures on Wednesday to boost Russia's birth rate, describing them as vital to the country's future though they are projected to cost at least $6.5 billion (£4.9 billion) this year alone.
Saying the demographic situation was "very difficult", Putin proposed payments for low-income families with small children, allowances for first-time mothers, higher payments for families with more children and the creation of more places in nurseries.
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