Russia's war in Ukraine has sent wages soaring as workers grow scarce and private business competes with the military

• Wages in Russia are soaring thanks to the nation's war with Ukraine.
• Compensation across private industries rose as much as 20% last year, Bloomberg reported.
• Moscow is suffering from a severe worker shortage, with a record 2.3 million workers needed.

A severe shortage of workers in Russia means the private sector is beefing up compensation to attract talent — and competing directly with the military for manpower.