Russia appoints Sergei Chirkov acting head of state pension fund

MOSCOW (Reuters) – The Russian authorities has appointed Sergei Chirkov as performing head of the Pension Fund of the Russia Federation to switch Andrei Kigim, a decree confirmed on Sunday.

The significance of pension fund administration has risen after Moscow despatched tens of 1000’s of troops into Ukraine on Feb. 24, scary unprecedented Western sanctions and double-digit inflation at dwelling.

President Vladimir Putin in late Could ordered 10% rises in pensions and the minimal wage to cushion Russians from inflation, however denied the nation’s financial issues have been all linked to what Russia calls a “particular army operation” in Ukraine.

(Reporting by Reuters; Modifying by Kirsten Donovan)