Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Donors pledge millions at Uganda refugee summit

Read more

MEDIAWATCH

Depp plumbs depths of bad taste

Read more

THE WORLD THIS WEEK

France's new frontman, America's absent center, May's Brexit gambit, Saudi royal reshuffle, after Mosul & Raqqa fall

Read more

REVISITED

Senegal’s Casamance hopes for new era of peace

Read more

THE INTERVIEW

FARC disarmament a 'historic day' for Colombia, says president

Read more

FASHION

Cruise collections: All aboard for Dior and Chanel's latest fashions

Read more

ENCORE!

Colombia comes to France

Read more

#THE 51%

The last taboo: Helping women and girls. Period.

Read more

DOWN TO EARTH

Who benefits when the ice caps melt?

Read more

Poverty in Russia rises to decade-high of 20 million

© AFP/File | Some 19.8 million people -- more than 13 percent of the population -- were living with incomes below the minimum deemed acceptable last year, the figures from statistics agency Rosstat showed, an uptick from 19.5 in 2015

MOSCOW (AFP) - 

The number of Russians living in poverty reached nearly 20 million last year -- a decade high -- after sanctions over Ukraine and an oil crisis battered the economy, official figures showed Wednesday.

Some 19.8 million people -- more than 13 percent of the population -- were living with incomes below the minimum deemed acceptable last year, the figures from statistics agency Rosstat showed, an uptick from 19.5 in 2015.

Incomes in Russia are highly volatile between the seasons, with poverty in the fourth quarter defined as living on less than 9,691 rubles ($171, 161 euros at Wednesday's rates) a month.

The poverty rate stood at 16.1 million in 2014 before Russia plunged into recession due to falling oil prices and Western sanctions over the Ukraine conflict.

The recession was accompanied by soaring prices that severely hit consumers' purchasing power, though the ruble has risen in recent months. Consumption remains sluggish, despite a recent uptick in economic activity.

Last year ranks as Russia's worst in terms of poverty since 2006, when 21.6 million were surviving on less than the minimum income.

But these numbers represent a halving in poverty since 2000 -- when more than 40 million were officially poor -- as President Vladimir Putin's rise to power was accompanied by strong growth fed by the energy industry.

© 2017 AFP