Support The Moscow Times!

Putin Tells of Labor Success

GENEVA — Prime Minister Vladimir Putin boasted about his record as a job creator at the UN labor agency on Wednesday, in an apparent bid to boost his standing ahead of elections.

Putin's government pumped billions of dollars from oil reserves into Russia's economy from 2008 to 2010 to raise pensions and wages, create jobs and support ailing enterprises.

"The government of Russia will continue to carry out an active labor policy," Putin said in address at the 100th conference of the International Labor Organization in Geneva.

Putin said his government created four million jobs from 2009 to 2010 and unemployment fell from 9.4 percent in February 2009, at the peak of the economic crisis, to 7.2 percent in April 2011.

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.