Russia’s Putin calls for pension hike above inflation rate

Katya Golubkova  |  January 13, 2022

By Katya Golubkova (Reuters), includes “Ahead of parliamentary elections last year Putin ordered one-off social payments and public sector salary hikes worth at least 500 billion roubles ($7 billion), which analysts said may further fuel inflation. …’Previously taken decisions will not cover for people’s expenses resulting from accelerated inflation last year,’ Putin told a government meeting. ‘So I propose… to increase pensions by slightly more than inflation.’ …”

Read the full article on: Financial Post (Canada)

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