Russia to invest more than $200 billion in fighting poverty

The Russian government

The Russian government is to spend a total of 15.3 trillion rubles (nearly $207 billion) over five years to reduce poverty and boost citizens’ real incomes, the country’s Accounts Chamber has said in its latest report.

The document, released by the agency on Thursday, says the measures, to be implemented via national and federal projects as well as state programs, are set to help reduce the number of Russians with incomes below the subsistence level.

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