Russia will withdraw from the agreement on guarantees of the rights of citizens of the CIS member states in the field of pensions on January 1, 2023.The lower house of the Russian parliament – the State Duma denounced the international document on May 24, informs Russian mass media.

It is noted that the denunciation, that is, the termination of the agreement, in three years will save about 18 billion rubles.

Russia is not satisfied with the territorial principle of pension payment, laid down in the agreement, under which it assumes disproportionate obligations to pay pensions to emigrants.

As reported in the Telegram channel “Weexplain.RF” of the Russian government, the country's withdrawal from the agreement will not entail a review of already assigned payments for pensioners of the Russian Federation.

“Bilateral agreements will be concluded with states: each of the countries where a person worked will pay a pension for seniority on its territory. Nothing will change for existing pensioners, Russia’s withdrawal from the agreement does not imply a revision of already assigned payments,” says the message.

Turkmenistan is a party to the agreement, which entered into force on March 13, 1992. It provides for the preservation of the pension rights of citizens acquired during the Soviet era. Pension provision for citizens of the CIS member states is carried out in accordance with the legislation of the state in whose territory they live; when establishing the right to a pension, the length of service acquired in the territory of any of these states, and in the territory of the former USSR, is taken into account. The parties to the agreement are also Armenia, Belarus, Kazakhstan, Kyrgyzstan, Republic of Moldova, Russia, Tajikistan, Uzbekistan, Ukraine.