Salary of Russian president to rise to 9.54 million rubles ($263,000)

The decree was published on the Russian presidential website on Monday.

Russian President Vladimir Putin has signed a decree increasing the salary of the Russian president and prime minister by 165 percent. This means that Putin's monthly earnings now total 9.54 million rubles ($263,000).

The decree was published on the Russian presidential website on Monday.

The 2013 income statements of the Russian president and prime minister were published last Friday.

Putin earned $100 000 (3.6 million rubles) in 2013 which is slightly less than in 2012. Medvedev earned $118 000 (4.259 million rubles) in 2013.

Read more: Medvedev: Kiev authorities fall into their own trap

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