The head of Rostrud, Russia’s Federal Labor and Employment Service, says Russians should work more and party less. Vsevolod Bukolov said when asked about a new federal holiday honoring pioneers of cryptocurrency, “I think we already have many celebrations, and I would advise everyone to spend more time on work…The more we work, the sooner we’ll achieve success.”
Other Russians declared that instead of more time at work, Russians should become more efficient. “It is unclear what people are doing for about 20 to 30 percent of the day,” Pyotr Pushkaryov, an expert at GK Teletrade, a financial consultancy, was cited as saying by the Moskovsky Komsomolets tabloid. “The work should be organized, people should work together, there should be clear work division and a good atmosphere,” reported The Moscow Times.
Russian Economic Minister: Sanctions No Longer Bite
The OECD reports that on average, Russians work about 300 Hours more a year than Americans.
The average salary in USD for ordinary Russians has decreased by 40-50% since the devaluation of the Russian ruble after the Kremlin annexed the Crimean peninsula in 2014. Spending on social services has also dropped as Moscow ramped up military spending over the last decade.
Slow Growth Long Term Reality For Russian Economy
