The minimum wage in Russia increased on 1 January by 4%

The minimum wage in Russia increased on 1 January by 4%


Raising the minimum wage will affect about 700 thousand workers in 2016, from them 43% – employees of state and municipal institutions and 57% of workers of real sector of economy.

MOSCOW, 11 Jan. The minimum wage in Russia was January 1, increased by 4% to 6.204 rubles per month, i.e. 53,6% of the subsistence minimum of able-bodied population.

The labour Ministry has proposed indexing the minimum wage by 11.9% since 1 January, and the Ministry of Finance at 7% from October 1.

The minimum wage applies to regulation of wages and compulsory social insurance, including for the determination of allowances for temporary incapacity, pregnancy and childbirth. It is reviewed annually, in 2015, the minimum wage was increased by 7.4% to 5.965 rubles.

The current increase in the minimum wage will affect about 700 thousand workers in 2016, from them 43% — employees of state and municipal institutions and 57% of workers of real sector of economy.