Russia's PM designate says Putin's social pledges will cost $65 billion

MOSCOW (Reuters) - President Vladimir Putin's nominee for prime minister, Mikhail Mishustin, told parliament on Thursday that social pledges made by Putin during his state of the nation speech will cost 4 trillion roubles ($65 billion/£49.8 billion) over four years.

(Reporting by Vladimir Soldatkin and Katya Golubkova; writing by Tom Balmforth; editing by John Stonestreet)