Source link : https://london-news.net/wage-arrears-in-russia-hit-record-high-amid-economic-strain/
Wage debts among Russian firms escalated sharply in early 2025, indicating heightened financial strains on businesses in several vital sectors, as reported by the General Confederation of Trade Unions and published in the pro-Kremlin newspaper Izvestia.
Official figures from the government show that wage arrears jumped from 500 million rubles ($6 million) in January to 1.5 billion rubles ($18 million) by March. However, the trade union’s analysis suggests the true total could be significantly higher, estimating it at 2.4 billion rubles ($30 million) for the first quarter alone.
The most substantial debt was reported at DSK, a road construction firm located in the Tver region, which owed 608 million rubles ($8 million) to 3,657 employees as of the end of March.
Other significant examples included Shakhta Inskaya, an industrial equipment provider in the Kemerovo region, which was late in paying 65 million rubles ($800,000) to its workforce. Additionally, Rassvet, a catering company based in the Tula region, was behind on payments by 36 million rubles ($450,000).
Dmitry Pishchalnikov, vice president of Opora Russia—an organization representing small and medium enterprises—told Izvestia that “the highest levels of wage arrears were observed in sectors such as construction, manufacturing, and water supply and waste management.” He also highlighted that businesses in the Ural Mountains and Siberian territories are facing particularly severe challenges.
“These…
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Publish date : 2025-07-02 15:40:00
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