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Russian companies saw themselves in a miracle, raising wages at an alarming rate

Companies in Russia, where the state is the majority owner, including the giants Gazprom and Sberbank, have increased the salaries of their employees since July, Reuters reported.

The wage hike comes amid double-digit inflation in Russia and the need to retain the most talented workers, some of whom have already left the country, the agency noted.

Inflation in Russia reached 16.2 percent on an annual basis, according to data from June 24. It has grown amid Western sanctions since Moscow launched military aggression in Ukraine on February 24. Nearly a month after it began, the Russian Association for Electronic Communications (RAEC) announced that between 50,000 and 70,000 computer professionals had left the country.

“Sberbank” announced that from July 1, it will raise the salaries of its staff by 8.5 percent. Reuters cited a source familiar with the matter as saying the Russian bank will offer some of its employees a pay rise of up to 20 percent in an effort to stem a mass exodus of specialists from its computer department. Sberbank has not commented on this information.

“Gazprom” will raise wages by 10 percent, the Russian Interfax news agency reported, citing sources in the industrial sector, Reuters noted.

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