Politics · Russia · 3 hrs ago
Russia’s minimum wage set to reach 28,935 rubles in 2027
Russia’s federal minimum wage is set to reach 28,935 rubles a month in 2027.
The minimum wage is the lowest monthly pay an employer may legally offer for work under an employment contract.
Economist Igor Balynin says that, after three increases, it will have risen 50.37% over three years.
He compares that with accumulated inflation of 23.51%, including a forecast of 6.8% inflation for 2026.
But faster minimum-wage growth does not guarantee higher real incomes, because prices for some goods can rise more quickly.
A higher minimum wage can also raise the minimum amounts for some sick-leave and maternity benefits, and may contribute to wage growth.
The 28,935-ruble figure is included in the draft federal budget for 2027, while the government says the minimum wage is planned to reach 35,000 rubles by 2030.
Russia’s minimum wage is set to reach 28,935 rubles a month in 2027.
The figure is included in the draft federal budget for 2027 and the 2028–2029 planning period.
Labour Minister Anton Kotyakov said the minimum wage would reach 35,000 rubles by 2030.
Economist Igor Balynin said the proposed 2027 level would mean the minimum wage had risen 50.37% over three increases.
He compared that increase with forecast cumulative inflation of 23.51% over the same three-year period.
- Who
- The Russian government is raising the minimum wage; Labour Minister Anton Kotyakov announced the 2027 figure.
- What
- The minimum wage is set to rise to 28,935 rubles a month.
- When
- In 2027; one article headline says the increase will take effect on 1 January.
- Where
- Russia.
- Why
- Kotyakov said the rise to 35,000 rubles by 2030 would fulfil an instruction from the Russian president.
This story does not have two clearly opposing sides.
Russia’s minimum wage is expected to reach 28,935 rubles a month.
Kotyakov said the minimum wage would reach 35,000 rubles.
- 2027 minimum wage
- 28,935 rubles a month
- 2030 minimum wage target
- 35,000 rubles
- Three increases
- 50.37% rise in the minimum wage, according to Igor Balynin
- Cumulative inflation
- 23.51% over three years, including the forecast for the current year
- Draft budget period
- 2027, with a planning period of 2028–2029
3 sources
What people are saying
If the minimum wage increases to 28,935 rubles, then thanks to the last three increases the minimum wage will have risen by half — 50.37%, while cumulative inflation over three years, including the forecast value of 6.8% for the current year, will amount to 23.51%.
The minimum wage in Russia will reach 35,000 rubles by 2030.