Russia to Raise Minimum Wage in 2025: Over 4.6 Million Workers to Benefit

In a significant announcement at the St. Petersburg International Economic Forum (SPIEF), Russia’s Minister of Labor and Social Protection, Anton Kotyakov, revealed that the country’s minimum wage will be increased in 2025 to more than 27,000 rubles per month. The decision, as reported by RIA Novosti, is poised to impact the lives of over 4.6 million Russian citizens, offering a substantial boost in income for many workers.

Kotyakov emphasized that the adjustment is part of the government’s broader efforts to support low-income earners and reduce economic inequality across the country. “This step is necessary to keep up with the rising cost of living and inflation,” he said. “We estimate that this will affect approximately 4.6 million people across the nation.”

The current minimum wage in Russia is around 19,242 rubles per month (as of 2024), meaning the upcoming increase to over 27,000 rubles marks a significant jump—over 40% in nominal terms. The increase is part of a federal plan that ties the minimum wage more closely to the median income and inflation trends, ensuring that it better reflects the real economic situation faced by working citizens.

Experts see this move as a double-edged sword. On one hand, it has the potential to improve the quality of life for millions, stimulate domestic demand, and reduce poverty levels. On the other hand, small businesses and budget-reliant regions may struggle to adjust their payroll budgets accordingly without external financial support.

Public reaction to the news has been mixed but largely positive. Many workers welcome the raise, seeing it as long overdue amid rising utility costs, food prices, and housing expenses. However, there is also concern about whether such an increase could lead to inflationary pressure or job cuts in some sectors.

The upcoming adjustment will likely be closely watched not only within Russia but also by neighboring countries facing similar economic challenges. As governments worldwide continue to grapple with post-pandemic recovery and the cost-of-living crisis, Russia’s decision could serve as a model—or a cautionary tale—depending on its long-term impact.

As 2025 approaches, all eyes will be on how effectively this wage increase is implemented and whether it delivers the promised economic uplift for millions of Russian workers.

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