Putin: Russia's minimum wage to be raised to cost of living from May 1

Russia's President Vladimir Putin said today that the minimum wage level in Russia will be raised from May 1, 2018.

Putin, who is running for another presidential term in a March election, said the minimum wage should be raised from 9,489 rubles at present to be in line with the minimum cost of living, which now stands at 11,163 roubles, Reuters reported.