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Russia Eyes 8.6% 2022 Minimum Wage Increase, Putin Cites Deeper Integration With Belarus

RUSSIA

LOCAL NEWS

  • Labour Min says in 2022 30bn rubles will be allocated to increase the living wage and minimum wage – amounting to an 8.6% increase for the 16m people receiving minimum wage
  • Putin says Russia intends to boost integration with Belarus to make a transition pursuing agreed macroeconomic, fiscal, credit and banking policy with Minsk
  • Russia says Putin's decree on supporting the population of the Donbass not under Kiev's control is purely a humanitarian response to Ukraine's refusal to honour the Minsk accords.
    • The decree stipulates equal access of Donbass goods to Russian state procurement tenders and removes quotas to counter Ukraine's transport blockade that have been in place since 2017 – paving the way for a revival of the LPR & DPR.
    • Russian Envoy urges Ukraine to honour its commitments to the Minsk accords and reopen talks
  • Russian Embassy in Washington demands that the persecution of the Russian diaspora by the US must be stopped.
    • This comes after the Russian community council suspended all US activities after US intelligence agencies conducted investigations of 300 members from students, to seniors.
    • Russia says "we regard these actions as unfriendly." Washington has yet to respond to the allegations
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Market NewsHomepage

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