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Russian cabinet plans to equal minimum wage to minimum subsistence level

June 09, 2016, 15:39 UTC+3

The Russian PM says the minimum wage will be increased by more than 20% from July 1

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MOSCOW, June 9. /TASS/. The Russian authorities will try to equal the size of minimum monthly wage with the minimum subsistence level by 2020, Prime Minister Dmitry Medvedev said.

Speaking at a meeting on measures of social support of citizens, he said that from July 1, the minimum wage will be increased by more than 20% to 7,500 rubles($116), which is a "hard-won decision" and it will concern about 5.5 million people.

"In the long term, as we agreed, we will strive to ensure that, by 2020, the minimum wage will be brought to the minimum subsistence level," Medvedev said.

He also noted that in the past year, inflation grew faster than wages and pensions, but in the current year, "the situation is somewhat better, although no significant changes have occurred.".

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