The inflow of migrant workers into Russia jumped 1.6-fold year on year to 1.3mn foreigners in 1Q23 as compared with 0.84mn in 1Q22, Vedomosti daily reported citing RosStat data. Overall in 2022 3.5mn foreign nationals entered Russia for the purpose of work, as compared with 2.6mn in 2021, when the COVID-19 restrictions were in effect.
According to the Federal Security Bureau (FSD) cited by Vedomosti, the main influx of migrant workers in 1Q23 came from Uzbekistan (630,859 people), Tajikistan (349,357), Kyrgyzstan (172,591), Armenia (47,337) and Kazakhstan (34,783).
As covered by bne IntelliNews, up to 0.7mn Russians may have fled the country amid the call-up announced by President Putin in October 2022, in addition to over 0.4mn people that have left since the launch of the military invasion of Ukraine in February 2022, and the 0.3mn new conscripts actually mobilised for the war.
bne IntelliNews warned that the Kremlin government appears to be preparing for a second wave of mass mobilisation, while Russia is facing a mounting labour crisis as worker shortages grow and the labour market shows the lowest number of young workers since the early 1990s.
Don’t just follow the news—understand it.
The IntelliNews PRO service includes access to reports, exclusive market data, and more news that decision-makers care about. Stay ahead of the market with IntelliNews PRO.
Sign Up NowRelated Articles
Iran industry minister says central bank should not interfere in trade policy
Iran's industry minister has said the central bank should be stripped of its role in trade policy, blaming foreign exchange interventions for constraining exporters and creating challenges for ... more
Eurasian Development Bank redeems €286mn Eurobond
The Eurasian Development Bank (EDB) said on March 26 it had fully redeemed a five-year Eurobond, meeting all obligations to investors at maturity. The bank paid a total of €286mn, covering both ... more
IndiGo cancels Central Asian flights until late February over Iran tensions
Indian budget carrier IndiGo has cancelled all flights to and from Tbilisi, Almaty, Baku and Tashkent until February 28 due to the developing situation around Iran, the airline announced on February ... more