Minimum wage in Russia to amount 11,280 rubles from 2019

Minimum wage in Russia to amount 11,280 rubles from 2019

Russia's State Duma has approved in the third and final reading a bill increasing minimal monthly wage in the country by 117 rubles ($1.7) to 11,280 rubles ($169.8) from 2019.

Additional costs for employers are evaluated at 14.7 billion rubles ($206.3 million). New measures will affect 3.7 million employees, Rapsi reported.

In May, the Russian minimal wage was equated to the subsistence minimum by law. According to the law, minimal wage is to be established on a level on subsistence minimum for the second quarter of a year.

Expenditures aimed at raising wages and salaries of employees paid from the state budget are expected to be at 39.3 billion rubles ($593 million at the current exchange rate).

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