Russia has published Decree No. 973 of 28 May 2022 in the Official Gazette, which provides for a 10% increase in the minimum wage from RUB 13,890 per month to RUB 15,279 per month with effect from 1 June 2022. The minimum wage value is used for various tax purposes, including national insurance contributions for SMEs, which was reduced from 30% to 15% from 1 April 2020 on the portion of wages that is above the minimum wage. Decree No. 973 also increases the minimum subsistence level by 10% f…