Russian President Vladimir Putin instructed the Cabinet of Ministers to make a decision in the near future to index pensions by 8.6%.

“I propose to index pensions a little higher than inflation – now it looks like 8.4% – by 8.6%, with a slight gap, because there are no final figures on inflation yet. I ask the government to carry out the necessary procedures and make a decision as soon as possible,” – he said at a meeting with members of the government.

He noted that this social issue concerns millions of Russian citizens. “The decisions made earlier will not allow people to cover the costs associated with the increased inflation last year,” Putin explained.