World News | Russia to Raise Minimum Wage, Pensions
Get latest articles and stories on World at LatestLY. Russian President Vladimir Putin on Wednesday announced a 10% raise to the minimum wage rate and pensions in the coming month, a move that comes as the Russian economy faces an unprecedented wave of international sanctions.
Moscow, May 25 (AP) Russian President Vladimir Putin on Wednesday announced a 10% raise to the minimum wage rate and pensions in the coming month, a move that comes as the Russian economy faces an unprecedented wave of international sanctions.
Putin said in a government meeting that the minimum cost of living and the minimum wage will be up 10% beginning June 1 and suggested increasing state pensions by 10% starting July 1. The bump will bring the minimum wage to about $250 per month and the average pension to $320, according to the Interfax news agency.
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“Our key and unchanging priority is to increase the welfare and quality of life of citizens,” Putin said.
He also tasked government officials with increasing pay for Russian soldiers serving abroad as the Russian military operation in Ukraine enters its fourth month. (AP)
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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)