Putin's pension reforms won't fix Russia

Russian President Vladimir Putin’s decision to roll back planned pension reforms won’t address the central issues facing his country, a demographically challenged nation beset by corruption and declining export potential.

In a rare backtracking move, Putin on Wednesday announced that the pension eligibility age for women would rise from 55 to 60 instead of 63. The altered plan comes alongside Putin’s falling approval ratings and is sure to help them along (although he remains popular).