Putin instructed to increase the minimum wage at an accelerated pace by 2030. By the same date, the poverty level in the country will need to be lowered below 7%.
Head of state ordered the extension of the family mortgage at 6% per annum for another six years. Putin also instructed the government to take additional measures to improve the living conditions of Russians with children. The minimum wage in Russia was 16,242 rubles in 2023, and from January 1, 2024, it increased by 18.5% to 19,242 Rubles.