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FILE PHOTO - Russian President Vladimir Putin makes his annual New Year address to the nation in Moscow, Russia December 31, 2017. Sputnik/Alexei Nikolsky/Kremlin via REUTERS

(reuters_tickers)

TVER, Russia (Reuters) - President Vladimir Putin said on Wednesday the minimum wage level in Russia will be raised from May 1 this year.

Putin, who is running for another presidential term in a March election, said the minimum wage should be raised from 9,489 roubles (£123) at present to be in line with the minimum cost of living, which now stands at 11,163 roubles.

(Reporting by Gleb Stolyarov; Writing by Andrey Ostroukh; Editing by Christian Lowe)

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Reuters