President offers concessions but says retirement age must rise to avoid economic ruin

Vladimir Putin has made a direct appeal to Russians to ask for their support in raising the retirement age, warning that without urgent action, the country risked economic collapse and hyperinflation, as well as threats to its national security.

In a televised address to the nation, the president offered some concessions on the government’s unpopular draft legislation, and detailed a series of measures to alleviate fears that some older people could be left without pensions or jobs.

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