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

Putin says he's raising the minimum wage and pensions in Russia by 10% to counter inflation

Putin said high inflation in Russia is not entirely linked to the Ukraine war, as other countries are also experiencing comparable price raises.

Putin hikes Russian pensions, plays down Ukraine impact on economy

LONDON: President Vladimir Putin ordered 10 per cent rises on Wednesday (May 25) in pensions and the minimum wage to cushion Russians from inflation, but denied the country's economic problems were all linked to the

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

Russian President Vladimir Putin on Wednesday ordered the government to raise retirement pensions and the minimum wage by 10%.

Putin hikes Russian pensions, plays down Ukraine impact on economy

With annual inflation near 18% last month, the Kremlin leader acknowledged that 2022 would be a 'difficult' year for the Russian economy

Vladimir Putin hikes Russian pensions, plays down Ukraine impact on economy

The pension increase comes into effect from June 1, while the minimum wage hike kicks in on July 1. Analysts said the steps would not prevent a sharp fall in real incomes. Putin whose approval rating has jumped more than 10 points since the start of the Ukraine campaign to 82%, according to the independent Levada Centre's April poll pledged in March to reduce poverty and inequality this year despite crippling Western sanctions and high inflation.

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

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. (Reporting by Reuters)