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Raised Minimum Wage in Russia

e Central Bank of Russia cut key interest rates on Thursday as officials push to soften the blow of Western sanctions and surging inflation hammering the country’s economy, a day after President Vladimir Putin vowed double-digit increases to pensions and the minimum wage and denied the problems were linked with Moscow’s invasion of Ukraine. The bank said slowing inflation and the ruble’s strong performance influenced its decision, though it noted “external conditions for the Russian economy are still challenging.” Do you think that the western sanctions against Russian has affected the wester countries more ?

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