Russia Proposes Freezing Minimum Wage Link to Median Salary for 2027-2029

The Russian government submitted a bill to the State Duma setting the minimum wage at 28,935 rubles/month from January 1, 2027, and suspending its automatic linkage to the median salary for three years. This marks a policy shift from the established indexation formula, potentially slowing wage growth for low-income workers. The move signals fiscal consolidation amid budget constraints, but its impact on inflation and labor markets remains uncertain.