Putin signs law suspending indexation of salaries for all government employees except military and security forces

Russian President Vladimir Putin has signed a law suspending the indexation of salaries for government employees.

According to the law, indexation of government salaries will be suspended for all of 2024. The Russian authorities expect that this will save 36 billion rubles (around $403 million).

The law will not apply to those serving in Russia’s military or security forces.

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More on Russia’s financial plans for 2024

Militarizing the economy Russia’s next budget allocates over a third of spending to ‘defense.’ Here’s how it was developed.

a year ago