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Moscow Pensions Set at $215 Per Month

Moscow pensioners will likely next year see their minimum benefits package raised by 544 rubles to 9,046 rubles ($215) a month, the City Duma said in a statement Monday.

The amount, called the minimum subsistence income, has been agreed by the City Duma's Commission on Social Policy and Labour Relations.

While a few months ago the 7.5 percent would have meant a real terms rise, sharp falls in the value of the ruble and price rises following Moscow's bans on food imports from Western countries have seen inflation rocket to 8 percent.

In Moscow, one of the world's most expensive cities, 9,046 rubles doesn't go far. It would buy you a cup of coffee from Starbucks every day, but leave you with no change at the end of the month. The average Moscow salary, meanwhile, is around 50,000 rubles ($1,200) a month.

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