Since January 1, 2024: The Federation Council approved increase of the minimum wage rate and pensions in Russia

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The Federation Council approved minimum wage (MW) increase in Russia to 19 242 rubles since January 1, 2024. As expect in the upper house of parliament, growth of an indicator will allow to increase salaries almost for 5 million citizens. And, by estimates of the authorities, the minimum wage rate more than for 14% will exceed level of a living wage. Along with it senators approved indexation of insurance pensions for 7,5% and adopted the law on the federal budget the next three years. As the head of the Ministry of Finance Anton Siluanov emphasized, the main task of the state — to fulfill all obligations to people. Gettyimages.ru ©...
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Anton Siluanov
Last position: Minister (Ministry of Finance of the Russian Federation)
293
Natalia Kosikhina
Last position: Member of the committee (Committee Federation Council on science, education and culture)
22
Vladimir Putin
Last position: President of the Russian Federation (President of the Russian Federation)
1 749
Anton Kotyakov
Last position: Minister (Ministry of Labour and Social Protection of the Russian Federation)
200
Anatoly Aksakov
Last position: Chairman (Committee State Duma of Federal Assembly of the Russian Federation on Financial market)
67