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Economic news

Russia’s Putin announces 10% hike to pensions, minimum wage

05/25/2022

Less than a minute

2022.05.25 18:25

Russia's Putin announces 10% hike to pensions, minimum wage
FILE PHOTO: Russian 100-rouble banknotes are placed on a cashier’s desk at a supermarket in the Siberian town of Tara in the Omsk region, Russia, December 14, 2021. Picture taken December 14, 2021. REUTERS/Alexey Malgavko/File Photo

(Reuters) – Russian President Vladimir Putin on Wednesday ordered the government to raise retirement pensions and the minimum wage by 10%, while stating that not all economic problems were associated with the conflict in Ukraine.

Speaking at a televised meeting of Russia’s State Council, Putin said that inflation would not exceed 15% this year.

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05/25/2022

Less than a minute