( CNN ) As cheap oil and Western sanctions continue to batter Russia 's economy , President Vladimir Putin slashed Kremlin salaries -- including his own -- by 10 % Friday , according to state news service Tass . Government documents released in 2014 put Putin 's annual salary at nearly 3.7 million rubles -- worth about $ 61,000 today thanks to soaring inflation . Putin 's ruble reduction for his top ministers comes some two months after he canceled their holiday vacations , citing the same economic woes . `` The Government and its various structures can not afford such extensive holidays , at least not this year , '' Putin told government ministers at the time . `` You know what I am talking about . '' But it was n't just top Cabinet members that would feel the pinch . `` President Putin also reduced the wages of Kremlin administration , government staff and the Chamber of Accounts by 10 % as well , '' according to Tass .
PutinVladimir Putin cuts government salaries , including his own , by 10 % . Move comes after Vladimir Putin canceled holiday vacations .