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. Last Updated: 07/27/2016

Baby Subsidy Proposed

The Cabinet announced legislation late last week giving women 250,000 rubles ($9,200) for having a second child.

The money would be kept in the State Pension Fund and used exclusively for housing, education or retirement savings, Channel One television reported.

The measure would apply to women who give birth to or adopt a second child after Jan. 1, 2007.

Women would be eligible to use the funds three years after their second child was born, meaning the first recipients could receive help beginning in 2010.

Heath and Social Development Minister Mikhail Zurabov linked the timing of the measure with President Vladimir Putin's May 9 state-of-the-nation speech, in which the he called for subsidies.

"If a woman decided to have a second child as a result of the initiatives laid out by the president last May, then, according to our calculations, the child should be born in 2007," Zurabov said in televised comments.