Putin Freezes Salary Increases for Russian Government Workers, Except Military
• Putin signs law suspending indexation of salaries for all government employees except military and security forces • Indexation of government salaries will be suspended for all of 2024, expecting to save $403 million • Law will not apply to those serving in Russia’s military or security forces • Russia’s next budget allocates over a third of spending to ‘defense' • Russia militarizing economy as seen in recent budget developments