In 2016 , the national minimum wage in Russia remained fixed at 76.9 € per month, that is 923 euros per year, taking into account 12 payments per year.
If we look at the minimum salary in Russian Rubles, which is the official currency in Russia, we can see that, this year, it was 6,204.0 Russian Rubles and accordingly, the national minimum wage has been raised 240.0 Russian Rubles per month from the previous year, 4.02%. This increase is less than the CPI of 2015 which was 12.9% ,and so workers, despite the raise, have lost buying power in the last year.
If we look at the ranking of the national minimum wage that we publish, Russia is in 86 nd place, so it is among the countries with the lowest minimum salary of the 95 of the list.
The National Minimum Wage (NMW) of a country is the minimum amount (lowest salary) per hour, per day, or per month that employers may legally pay to workers.
In the table that follows we show you the progression of the National Minimum Wage Russia. You can see NMW in other countries in National Minimum Wage 2016 and see all the information about this country in Russia economy.