The Russian Government Sept. 24 announced that the Council of Ministers approved the draft federal budget for 2026 and the 2027-2028 planning period, for submission to the State Duma by Oct. 1. The announcement includes measures to: 1) increase, to 27,093 Russian rubles (US$322.67) from 22,440 rubles (US$267.26), the monthly minimum wage rate, from Jan. 1, 2026; 2) provide a need-based annual family payment in the form of a partial individual income tax reimbursement for citizens with at least two children, starting in 2026; 3) increase, to 22 percent from 20 percent, the standard VAT rate, and maintain the preferential ...
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