“All obligatory pension contributions would be directed to finance the redistributive state pension system in 2015, including funds originally earmarked for private management. Russia imposed a freeze on defined pension contributions to private fund managers in 2014, diverting around 243 billion roubles ($7 billion) into state coffers.  Earlier on Tuesday Russia’s Vedomosti newspaper said President Vladimir Putin and Prime Minister Dmitry Medvedev had already agreed to extend that freeze, despite opposition from the Ministry of Finance and other economic policymakers.  The extension into 2015 would provide around 300 billion roubles for the budget next year.”

http://www.reuters.com/article/2014/08/05/russia-economy-idUSL6N0QB4IW20140805

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