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. Last Updated: 07/27/2016

President Earned $300,000 in 1997




President Boris Yeltsin earned nearly 2 million new rubles last year from his salary, interest and book royalties, and has paid all his taxes, the Kremlin press service said Saturday.


Yeltsin's total income for 1997 came to precisely 1,950,324 rubles and 30 kopecks ($319,725.29), and included his salary, royalties from his 1994 book, "View From The Kremlin," and interest on his bank accounts, the press service said.


"The president has paid all the taxes due on the sum," the Kremlin press service said.


Yeltsin's income was not broken down by category.


Yeltsin, without revealing his presidential salary, said last May that his pay was not the highest possible and that businessmen and bankers made more.


He said at the time he had a state apartment and a state residence outside Moscow. He had also taken out a loan to build a small country home and buy a BMW car.


The president's personal income was about $5,500 in 1995, the last year the figure was made available, and he paid nearly $900 in taxes that year.