Russia's Putin announces 10% hike to pensions, minimum wage

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Russian President Vladimir Putin.
Russian President Vladimir Putin.
Photo by Mikhail Svetlov/Getty Images

Russian President Vladimir Putin on Wednesday ordered the government to raise retirement pensions and the minimum wage by 10%, while stating that not all economic problems were associated with the conflict in Ukraine.

Speaking at a televised meeting of Russia's State Council, Putin said that inflation would not exceed 15% this year.


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