Russian finance minister beats colleagues by earning $1.42m for 2016 – declaration

By Andrei Skvarsky.

Finance Minister Anton Siluanov declared total earnings of 95.44m roubles for 2016 ($1.42m at that year’s average market exchange rate), by far outdoing the other members of the Russian government who had their incomes for 2016 reported on the Finance Ministry website late last month.

Only 22 per cent of this sum was Siluanov’s ministerial salary of 20.75m roubles ($309,000), which was higher than, for example, the salaries of his American and British counterparts.

The rest were revenues from real estate transactions and “personal savings”, the Finance Ministry said in a statement detailing income and property declarations.

Prime Minister Dmitry Medvedev earned 8.59m roubles ($128,000) for 2016.

The statement, which has since been removed from the Finance Ministry website, did not report the incomes of President Vladimir Putin, the defence minister, the interior minister or the head of the Federal Security Service (FSB).

The average nationwide wage in Russia in 2016 was about 400,000 roubles ($6,000).

The annual salary of the US secretary of the treasury is about $200,000, and that of the British chancellor of the exchequer about $196,500.

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