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Transcript

00:00:01
>> Back from his hiking holiday in the Siberian mountains, and Vladimir Putin has also been climbing down to some degree on unpopular plans for pension reform. An original proposal was to increase the retirement age by 5 years to 65 for men and by 8 years to 63 for women.
00:00:19
>>
FOREIGN]
> That did not go down well across Russia, as Russia's Andrei Ostric explains.>> The decision was taken with anger. It caused discontent among Russians across the country, which is home for almost 150 million people. The streets saw unusual rallies in cities far away from Moscow, that are not usually known for holding such rallies.
00:00:48
>> Opinion polls suggest a whopping 90% of Russians oppose the draft legislation. And Putin's own approval rating has dropped from 80% earlier this year to 67%. That may still sound pretty high, but it's the least popular Putin's been since before Russia's 2014 annexation of Prime Mayor.
SOUND] O
Wednesday, he went on television to announce his decision to soften the draft legislation.
00:01:15
In particular dropping the proposed retirement age for women from 63 to 60.>> We have a special caring attitude toward women in our country. We understand that they not only do their jobs, but the whole household is usually on them.>> But he also said, Russia cannot put off pension reform any longer.
00:01:33
>> He said that if Russia is procrastinating this decision of raising the retirement age, the budget will soon in a matter of a couple of years will feel the shortage of money to pay pensions. For which he said, Russia is currently spending around $300 million a day.>> Putin's political opponents have tapped into public anger around the issue by organizing protests.
00:02:01
This woman's posters calls to the immediate retirement of one Russian in particular. He'll be hoping his watered down reforms will diffuse some of that anger.