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Putin signed a law to increase the minimum wage - EastRussia | Far East

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Putin signed a law to increase the minimum wage

Putin signed a law to increase the minimum wage
Photo by: kremlin.ru

Russian President Vladimir Putin signed a law to increase the minimum wage (minimum wage) since 2020. From January 1, the amount will increase by 850 rubles.

As noted in document, the minimum wage in Russia from the new year should not be less than 12 rubles a month. This amount is equal to the cost of living for the second quarter of 130. At the same time, in the Far East, in the northern regions and territories equivalent to them, the minimum wage will be higher due to increasing coefficients and allowances for salaries.

Earlier minimum wage changes approved in the State Duma. The law provides that the annually established minimum wage may not only equal the cost of living for the second quarter of the previous year, but may also exceed this value.