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. Last Updated: 07/27/2016

Law Raises Wage Low

MOSCOW -- The government has worked out a draft law to raise the minimum monthly wage to 20,500 rubles ($10.40) from the present 14,620 rubles, Interfax reported Tuesday. The document also provides for a rise in pensions, student stipends and military wages, according to Interfax. The State Duma is scheduled to discuss the draft Wednesday. The new raise would cost 1.43 trillion rubles per month according to an estimate from the Labor Ministry.