After 16 years of gradual hikes, Putin signs a law giving him one more year to raise Russia's minimum wage to the subsistence level
Vladimir Putin has signed a law gradually raising the minimum wage to Russia’s subsistence minimum level. On January 1, 2018, Russia’s minimum wage will rise from 7,800 rubles ($135) a month to 9,489 rubles ($164), bringing salaries to 85 percent of the monthly subsistence minimum for the country’s able-bodied working population (11,163 rubles, or $193). Starting on January 1, 2019, the minimum wage will match the subsistence minimum from the second quarter of the previous year.