New formula rewrites Russias average monthly salary

Russia changed how companies calculate workers' average monthly pay. The government approved new rules for figuring out salary amounts. Companies must multiply daily earnings times the average working days each month. Workers who have special hour tracking systems need different math. Their bosses multiply hourly pay times average monthly work hours.

The new salary formula affects severance packages and vacation money. Companies use average monthly wages to decide these payment amounts. The updated calculation method stays active until September 2031. Russian workers will see different numbers when they receive final paychecks or holiday pay.

St. Petersburg's Zenit soccer team plans to spend big money on a new player. The club will pay around 10 million euros for one athlete. Team officials have not revealed which player they want to sign. The purchase shows Zenit has serious cash for top talent.
 

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