Real wages in Russia increased by 7.6% in the first 11 months of 2023, beating inflation.
Russia's economy remains resilient due to wartime spending and government subsidies.
AdvertisementRussia's wartime labor crunch is boosting salaries so much that wage gains are beating inflation.
Real wages have risen 33.2% over six years, he added.
As the war Ukraine heads into its third year, Russia's economy appears resilient.
Persons:
—, Anton Kotyakov, Vladimir Putin's, Putin, Elvira Nabiullina, Nabiullina
Organizations:
Service, Russia's, Labor, Social Protection, TASS, Bloomberg
Locations:
Russia, Ukraine