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