Russia has become stuck in a " low income climate " , with falling oil prices hitting workers ' incomes and a lack of foreign investment keeping wages from inflation , according to The Jamestown report . Average wages rose to a record high of $ 952 per month in early 2013 , but had fallen to $ 430 per month by January of 2016 . Russian governments have been forced to cut personal spending with local businesses also scaling back investment due to the country 's uncertain economic climate .
Russia has become stuck in a "low income trap", with falling oil prices hitting citizens' incomes and a lack of foreign investment keeping wages from rebounding, according to The Jamestown Foundation. Average wages soared to a record high of $952 per month in early 2013, but had fallen to $430 per month by January of 2016. Russian citizens have been forced to cut personal spending with local businesses also scaling back investment due to the country's uncertain economic climate.