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Putin hikes Russian pensions, plays down Ukraine impact on economy

With annual inflation near 18% last month, the Kremlin leader acknowledged that 2022 would be a 'difficult' year for the Russian economy

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Russian President Vladimir Putin (Photo: Reuters)

3 min read Last Updated : May 25 2022 | 10:02 PM IST

President Vladimir Putin ordered 10% rises on Wednesday in pensions and the minimum wage to cushion Russians from inflation, but denied the country's economic problems were all linked to the war in Ukraine.

With annual inflation near 18% last month, the Kremlin leader acknowledged that 2022 would be a "difficult" year for the Russian economy.

"When I say 'difficult', it doesn't mean all these difficulties are connected to the special military operation," Putin told a televised meeting of the State Council in Moscow.

"Because in countries that aren't conducting any operations - say, overseas, in North America, in Europe -

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