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Salaries of Russian Top-Managers
May 12, 2015 15:46


The President of Russian Railways Vladimir Yakunin announced his salary at the conference call of the company. It makes up four million roubles a month. This was reported by RIA “Novosti” referring to a source close to the company. The press-secretary of the President of Russian Railways Grigory Levchenko confirmed to the agency that the President actually disclosed the size of his salary during the conference call. However, the company representative declined to comment on the salary amount.

Previously “Rosneft” published data showing that the salary of the President of the company Igor Sechin might amount to from 15 to 20 million roubles a month and was determined by the company’s Board of Directors. The amount of annual premium of the Head of “Rosneft” is equal to 150 percent of his annual remuneration.

Moreover, Sechin, in accordance with the standards, receives an additional charge of 5 percent of the monthly salary for participation in the meetings of the Board of the company and an additional charge (the size of which is not disclosed) for work with the information being a state secret.

The top-managers of “Rosneft” are also repaid their expenditures on travel and entertainment, expenses for rent and education of children under the age of 23.

The President of Russia Vladimir Putin recommended the managers of state companies to disclose their income in mid-April during the call-in TV-show. Speculations about high salaries of the heads of state companies resumed in the mass media and blogs after the government allowed the top managers of state-controlled commercial structures not to disclose their income in March. In particular, they talked about the heads of the Russian Railways Vladimir Yakunin, of “Gazprom” - Aleksei Miller and of “Rosneft” - Igor Sechin.

The Government Decree No. 276 changed the procedure of publication of such data, freeing the managers of 23 public companies and their family members from these duties. The data must be disclosed now only by the heads, their deputies and chief accountants of the companies that are 100 percent owned by the state and whose heads are appointed by the government.

In December 2014 the Prime Minister Dmitry Medvedev signed a decree obliging the heads of Russian Railways, “Rosneft”, “Gazprom” and a number of other organizations to disclose information about their income on the companies’ websites. In addition, the heads of corporations had to provide information about the income and property of their spouses and minor children.


Author: Anna Dorozhkina

Tags: Rosneft Gazprom Russian oligarchs   

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