Russia's Putin announces he will take a 10 percent pay cut

Putin photo
(Image credit: Illustrated | LuminaStock/iStock, KAY NIETFELD/AFP/Getty Images)

Russian President Vladimir Putin announced on Friday that he is taking a 10 percent salary cut, effective March 1 through December 31, 2015, AFP reports.

Putin's signed decree also cuts the salaries of several other top government officials, including Prime Minister Dmitry Medvedev, Prosecutor General Yury Chaika, and Alexander Bastrykin, president of Russia's Investigative Committee.

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Sarah Eberspacher

Sarah Eberspacher is an associate editor at TheWeek.com. She has previously worked as a sports reporter at The Livingston County Daily Press & Argus and The Arizona Republic. She graduated from Northwestern University's Medill School of Journalism.