Skip to content
Subscriber Only
Business
Economics

Kremlin Mandarins Feel Heat as Putin Said to Back Job Cuts

Moscow
Andrey Rudakov/Bloomberg
Updated on

As he gears up for campaign season, Vladimir Putin has a chance to signal to voters that even his own entourage is feeling the pain of recession.

Russia’s president has agreed to Kremlin job cuts as part of spending curbs in his bureaucracy of as much as 10 percent, people with knowledge of the plan said.