ST. PETERSBURG, June 20. /TASS/. The current level of wages in Russia remains insufficient, and addressing this issue requires setting ambitious goals, Russian President Vladimir Putin said during the plenary session of the St. Petersburg International Economic Forum (SPIEF).

"Overall, across the economy, the level of wages in Russia is still not high enough. I would like to emphasize that as well. As I have said before, we must set ambitious targets in this area," he said.

"We need to build an economy of high wages. I will repeat once again, this is extremely important," Putin added.

About the forum

The St. Petersburg International Economic Forum (SPIEF) is taking place on June 18-21. This year, the event is held under the theme "Shared Values: The Foundation of Growth in a Multipolar World." Thematic zones such as the ‘Territory of Innovations’ and the national brand space ‘Buy Russian!’ will operate at the Forum.

The program includes the SME Forum, the Creative Industries Forum, the Day of the Future International Youth Economic Forum, the Drug Security Forum, and the Roscongress Urban Hub discussion platform. As part of the cultural program, the Petersburg Seasons festival will be held, and the SPIEF Sports Games will take place.

The Roscongress Foundation is the organizer of the St. Petersburg International Economic Forum. TASS is its information partner.