Sanctions effect: Over 20 million Russians will find themselves below poverty level in 2019

16:13 Nov. 8, 2016

Over 20 million Russians will find themselves below poverty level in 2019

A man looks at his cell phone next to an exchange office sign showing currency exchange rate in Moscow (AP photo)

Amid sanctions for external aggression, economic situation in Russia is worsening constantly, the latest figures show

Over 20.5 million Russian citizens will earn below  the living wage level, the country's account chamber top official Tatiana Golikova is quoted by the UNIAN as saying. 

Comparing to 2015 figures, the number of people balancing on the breadline in Russia will increase by 1.4 million people, she added during discussions at the Federation Council. 

Read also Lavrov: Russia is not interested in frozen conflict at its borders

According to the latest forecasts of economic development of Russia, the total share of population living below the breadline in Russia will increase to nearly 14% in 2016. 

This situation is thought to remain actual at least till 2019, the surveys conducted for the Russian parliament show. 

 

 

 

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