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Home News Russia

Salaries in Russia Rose by Over 7% Last Year As the War Boosts Economy

NEWSROOM by NEWSROOM
February 19, 2024
in Russia
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A man walks past a recruitment poster for the army, reading: “Our profession is to defend the Fatheland,” June 20, 2023 in Moscow, Russia.
Getty Images

  • Real wages in Russia increased by 7.6% in the first 11 months of 2023, beating inflation.
  • The wage rise is due to a labor shortage tied to the war and an exodus of workers.
  • Russia’s economy remains resilient due to wartime spending and government subsidies.

Russia’s wartime labor crunch is boosting salaries so much that wage gains are beating inflation.

In the…



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