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pre-crisis levels by the end of 2021. The revival in the labour market was due to active measures and active support from the government, Oreshkin said. According to Oreshkin, one issue that is undermining the economic recovery of the country is the decrease of the able-bodied Russian population, whose number will continue to fall until the second half of this decade. “This was predetermined and nothing can be done about it,” Oreshkin said. According to the presidential aide, this has become one of the serious factors that curb the pace of economic growth of the country at the moment.
The labour market has returned to the pre-COVID level in 17 out of 85 Russian regions, Prime Minister Mikhail Mishustin said delivering a report on the government’s work in 2020 in the State Duma (lower house) on May 12. "It is extremely important to restore the labour market today," he said, adding that the government together with regions have developed respective sets of policies for each constituent entity of the Russian Federation.
Russian authorities do their best so that the coming migrant workers can feel comfortable, since Russia faces labor shortages in certain sectors of the economy, Russian President Vladimir Putin said at a meeting with Tajikistan’s President Emomali Rahmon in Moscow on May 8.
4.5.2 Income dynamics
In January-March, the real disposable income of Russian households was almost 5% lower than at the end of 2019. Although the economy has already begun to recover, revenues have not yet started to rise this year either. As income growth has been modest for several years and consumer prices
52 RUSSIA Country Report June 2021 www.intellinews.com