The minimum wage in Russia next year will increase to 28,935 rubles

The minimum wage in Russia next year will increase to 28,935 rubles.

The cost of living will increase to 20,227 rubles, which is an increase of 6.8%.

MOSCOW, October 5 - RIA Novosti. The minimum wage (minimum wage) in Russia next year will rise to 28,935 rubles, and the cost of living to 20,227 rubles, Finance Minister Anton Siluanov said.

“The minimum wage next year will increase to 28 thousand 935 rubles,” Siluanov said at parliamentary hearings in the Federation Council on the parameters of the draft federal budget of the Russian Federation for 2027–2029.

He noted that the task set by the president to ensure the minimum wage by 2030 at the level of 35 thousand rubles will be fulfilled. “This will accelerate the growth of wages for workers with low incomes,” Siluanov added.