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In June 2017, according to the Joint Organisations Data Initiative, Russia produced 10.323 million barrels of oil per day, 253,000 more than Saudi Arabia. The third largest oil producer was the US (9.320). In December-July, about 40% of the Russian federal budget revenues were received from selling oil and natural gas. In January-May 2017, 679.2 thousand children were born in Russia (762.5 thousand in the same period in 2016) - the number of births fell by almost 11%. This is mainly due to the fact that young families are afraid of having children because of economic difficulties. Russia remains one of the worst countries in the world for retirees. In the Global Retirement Index 2017 developed by Natixis Global Asset Management and CoreData Research, Russia is on the 40th place, after Mexico, China and Turkey. Only Brazil, Greece and India are below Russia. The number of Russians living below the poverty line (income below the living wage) increased by 2 million in Q1 2017 - to 22 million (15%). June 22, the government raised the living wage to 9,909 Rubles per month (about $ 165). So you can imagine how "rich" are those with income higher than this amount. For the first time in history, the women's national team of Russia in chess (Alexandra Kosteniuk, Catherine Lagno, Valentina Gunina, Alexandra Goryachkina, Olga Giri) won the World Team Championship held in Khanty-Mansiysk. The second place was taken by the team of China, the third - Georgia. More notes from Russia »
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James asks: How much would I spend in a month if I were to study in Kursk area?
Expert's answer:
In 2016, according to official statistics, the average salary in Kursk was about 24,000 Rubles per month (400 USD). But a lot of people earn much less, about 10,000-15,000 Rubles, so this sum will already be enough if you live in a dorm and spend mostly on food.

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Featured Russian city: Elista

Elista

Elista, Russia

Elista (in Kalmyk "elst" means "sandy") (Stepnoy in 1944-1957) is a city in the southern part of Russia, the capital of the Kalmykia Republic. It is located in the south-eastern Ergeney, in the very center... More...

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