Published 2 years ago

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

Summary by Ground News

Vladimir Putin ordered 10 per cent rises in pensions and the minimum wage. Putin acknowledged that 2022 would be a "difficult" year for the Russian economy. Analysts said the steps would not prevent a sharp fall in real incomes. The pension increase comes into effect from Jun 1, while the minimum Wage hike kicks in on Jul 1.

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Times of India

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.

2 years ago·India

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Reuters

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)

2 years ago·United Kingdom

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Channel News Asia

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

2 years ago·Singapore

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