Source Pravda.Ru

Support for maternity and child care in focus of attention of government

Russian President Vladimir Putin, during his meeting with vice-premier Galina Karelova, wanted to know what the government was doing to support motherhood and child care.

"Since January 1, 2003 all maternity and birth allowances have been raised: one-off birth grants were increased by 200 per cent and maternity grants by 150 per cent," the vice-premier said.

Karelova pointed to a steady reduction in the maternal death rate in Russia.

The government attempted, the vice-premier said, to gauge the financial capabilities of the entire system of child care and maternity support. "In 2004, their size in the social insurance fund will be set at 27 billion roubles (0.9 billion US dollars)". A total of 22 billion roubles will be allocated for monthly children's allowances. In that way, federally paid child grants alone will amount to more than 50 billion roubles, the vice-premier emphasised.

The government has drawn on additional sources of financing, including the obligatory health insurance fund, Karelova said.

The Basmanny Court of Moscow arrested Michael Calvey, the founder of Baring Vostok investment fund, on allegations of embezzling 2.5 billion rubles from Vostochny Bank. Calvey will be held in custody until April 13

Putin informed about arrest of US investor Michael Calvey
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