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Russia Releases Incomes For Top Officials

Russian President Dmitry Medvedev (left) earned $114,000 in 2011, while First Deputy Prime Minister Igor Shuvalov (left) reported close to $13 million in earnings with his wife, Olga Shuvalova.
Russia's government has released income declarations for top officials ranging from President-elect Vladimir Putin to outgoing head of state Dmitry Medvedev.

Putin and Medvedev reported 3.7 million rubles ($124,000) and 3.3 million rubles ($114,000), respectively, in 2011 income.

Meanwhile, First Deputy Prime Minister Igor Shuvalov has reported $12.6 million in joint family income, amid allegations that he had made large profits through shady deals.

Shuvalov, a close Putin ally, is a top candidate for a high position in Russia's new government.

He has admitted to making multimillion-dollar investments in state companies via an offshore trust.

Shuvalov made 9.6 million rubles ($325,000) in 2011 income, while his wife, Olga Shuvalova, declared 365 million rubles ($12.3 million) in income as well as several properties abroad.

Based on reporting by AFP and ITAR-TASS