Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

Luzhkov Offers Loan to Teachers

Moscow Mayor Yury Luzhkov offered Russia's educators a 2 billion ($1. 88 million) ruble interest-free loan Tuesday, but a top teacher's union leader called the gesture a short term solution to the problem of declining real wages.

The mayor's action came in response to protests last week by professors at 40 universities and institutes who demanded indexed salaries.

Sergei Kuzin, chairman of the Education and Science Employee's Trade Union of Moscow said at a press conference Tuesday that authorities lacked the resolve to index wages for teachers.

Still, Kuzin said that no further strike actions were likely before the start of the school year because most teacher's regular vacations will continue through July and August.