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Russian economic minister supports giving frozen pensions back

June 25, 2014, 11:55 UTC+3 MOSCOW
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MOSCOW, June 25. /ITAR-TASS/. The government must give back the accumulative part of Russians’ pensions that it froze in 2014 to replenish the state budget to people by handing them over to non-government pension funds, Economic Development Minister Alexei Ulyukayev told Vedomonsti newspaper in an interview published Wednesday.

“There is an illusion that this way we can find money for the budget. But I am still convinced that those 253 billion ruble accumulative pensions which were frozen must be given to the non-government funds that are converted in joint-stock companies and pass authorities’ clearance, and that insured people must be compensated for everything,” he said.

According to Ulyukayev, the frozen funds have not been spent on the development of Crimea entirely yet. The government must find additional sources of income to finance the Crimea-related expenses, he said.

It is unacceptable to prolong the freezing of accumulative part of pensions for 2015, Ulyukayev said. “We must taboo even discussing this as an opportunity," the minister stressed.

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