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Eastern Economic Forum

Wages in Russia rising, but remain modest — Putin

The Russian leader also added that there are no "good" or "very good" ways to fighting inflation, but the situation must not be overlooked

VLADIVOSTOK, September 12. /TASS/. Russian citizens' wages, particularly real wages, are steadily rising but remain modest, Russian President Vladimir Putin said at the Eastern Economic Forum (EEF).

"Our peoples’ wages are rising today. Indeed, real wages are increasing this year, as are the population's actual earnings. But, in general, they remain modest," he said.

He also added that there are no "good" or "very good" ways to fighting inflation, but the situation must not be overlooked. "There are no good or very good decisions here. There are some difficult choices to be made. They must, however, be made in a timely manner. So far, both the Bank of Russia and the government have done an excellent job," the president said.

The 8th Eastern Economic Forum (EEF) is held in Vladivostok on September 10-13, 2023. The slogan for this year’s forum is: On the Path to Partnership Peace and Prosperity. The Roscongress Foundation is the event organizer; TASS is the EEF’s general information partner.

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