Putin says Russia to raise minimum wage from May 1

TVER, Russia, Jan 10 (Reuters) - President Vladimir Putin said on Wednesday the minimum wage level in Russia will be raised from May 1 this year.

Putin, who is running for another presidential term in a March election, said the minimum wage should be raised from 9,489 roubles ($166.47) at present to be in line with the minimum cost of living, which now stands at 11,163 roubles. ($1 = 57.0010 roubles) (Reporting by Gleb Stolyarov; Writing by Andrey Ostroukh; Editing by Christian Lowe)