Russian Trade Unions Call for Reduction of Key Interest Rate
“The FNPR is receiving reports from trade union organizations acrossthe country indicating a growing trend of wage arrears.This process destabilizes the social environment and increases the number of labordisputes,” the statement reads.
According to the FNPR, the primary cause of delayed wage payments is the lack of working capital among enterprises.
Businesses are unable to access credit at economically viable interest rates, a situation resulting from the Central Bank’s monetary policy. In its attempt to combat inflation, the Bank of Russia has significantly raised the key interest rate, which, in turn, is freezing wage growth, increasing corporate debt, and leading to layoffs.“Russian trade unions call for a reduction of the key interest rate!” -the FNPR emphasized in its statement.
As of the end of April, the total amount of overdue wage arrears in Russia stood at 1.4819 billion rubles — an increase of 33.8 million rubles (2.3%) compared to March.
GCTU News
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Viktor Pinsky: "The meeting of the General Confederation of Trade Unions Council in Dushanbe is a landmark event for the entire trade union movement of the Commonwealth of Independent States"
Dushanbe, Tajikistan, July 1, 2026 – Viktor Pinsky, Chairman of the Commission of the Russian State Duma on Regulations and Organisation of State Duma Activities and General Secretary of the General Confederation of Trade Unions (GCTU), called the meeting of the GCTU Council, held on July 1 in Dushanbe, a landmark event for the trade unions of the Commonwealth of Independent States.
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Viktor Pinsky Met with Deputies of the Parliament of Tajikistan
June 30, Dushanbe, Tajikistan – The work on developing model labor legislation within the CIS format was discussed during a meeting between Viktor Pinsky, Chairman of the Commission of the Russian State Duma on Regulations and Organisation of State Duma Activities and General Secretary of the General Confederation of Trade Unions (GCTU), and Makhmadshokh Gulzoda, Chairman of the Committee on International Affairs, Public Associations, and Information of the Majlisi Namoyandagon Majlisi Oli of the Republic of Tajikistan. The meeting, held today in Dushanbe at the Parliament of Tajikistan, was also attended by other deputies of the Tajik Parliament: Orip Amirsoda, Chairman of the Environmental Commission; Naima Solizoda, member of the Commission on Deputy Ethics; Karakhon Chillazoda, Chairman of the Federation of Independent Trade Unions of Tajikistan; and Margarita Usova, Deputy General Secretary of the GCTU.
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Viktor Pinsky met with the Deputy Minister of Labor of Tajikistan
June 30, Dushanbe, Tajikistan - The gradual formation of a common labour market and the regulation of labour migration among the member states of the Commonwealth of Independent States were the main topics of a meeting between the Chair of the Commission on Rules and Maintenance of Activity of the State Duma, and the General Secretary of the General Confederation of Trade Unions (GCTU), and Sharif Norzoda, Deputy Minister of Labour, Migration and Employment of the Republic of Tajikistan.