Russian President Vladimir Putin today ordered a 10% increase in the minimum wage and pensionsas well as the Russian subsistence minimum, recognizing that this year is difficult for citizens, who see how the sanctions have triggered inflation and are preparing for a serious recession.
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He considered that the dynamics of the Russian economy are “much better than what some experts had predicted.”
“This year is proving to be difficult. Since the beginning of the year the accumulated inflation is above 11%,” Putin said at a State Council meeting on social support for citizens.
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However, he added that when he says difficult, it “It does not mean at all that all these difficulties are related to this special military operation” of Russia in Ukraine.
He claimed that in countries that do not have any operations, for example, in North America and in Europe, inflation is comparable, and if you look at the structure of their economy, even more than ours,” Putin said, assuming no blame for the current global economic crisis due to the Russian military campaign in Ukraine.
He argued that, after slowing down the rate of rise, the CPI should not exceed 15% at the end of the year.
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He considered that the dynamics of the Russian economy are “much better than some experts had predicted”, since, he assured, the unemployment rate “is not increasing”, but rather “has even fallen slightly” and is still at 4 %.
As explained by the Minister of Employment and Social Protection, Antón Kotiakov, currently
in the country there are 673,000 registered unemployed compared to 2 million vacancies that can be filled.
Despite all this, considered that Russian citizens must be helped in these circumstances.
Thus, he ordered a 10% increase in the subsistence level in Russia as of June 1, up to 13,919 rubles per month (234 dollars or 219 euros) on average in the country.
According to Kotyakov, some 15 million citizens receive the subsistence minimum in Russia.
Starting on the same day, the indexation of pensions will increase by 10%, which will translate into an average pension of 19,360 rubles (324 dollars or 303 euros, according to Kotiakov.
He indicated that 35 million retired Russians will receive an average of 1,760 rubles more ($29.40 or 28 euros), he said.
And from July 1, it will also increase the minimum wage by 10%, to 15,279 rubles a month ($257 or 241 euros), Putin said.
This measure will affect about 4 million Russians, explained Kotyakov. “Our main task is to ensure a further increase in the minimum wage so that the income level of citizens significantly exceeds the subsistence minimum,” he said.
Putin also proposed to increase payments to soldiers fighting in the military campaign in Ukrainealthough he did not put figures, while insisting on the need to quickly and completely resolve the problems related to
social support for the military in general, the wounded and the families of the fallen.
As an example, he said support for female soldiers with children will be doubled to 31,000 rubles ($514 or 482 euros).
INTERNATIONAL WRITING
*With information from Efe
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