In the third quarter of 2021, the volume of remittances by individuals from Russia to the countries of the former USSR established a six-year record, rising to 2.29 billion dollars. About this, with reference to the data of the Bank of Russia writes “Kommersant”.
Last time, labor migrants brought more money to their homeland in the second quarter of 2015, then the volume was 2.31 billion dollars. This year, from July to September, Uzbekistan ($ 1.01 billion, plus 34.9 percent), Tajikistan ($ 530,9 million, plus 25.5 percent) and Kyrgyzstan (430 million dollars, plus 21.7 percent ).
One of the main reasons for the growth of translations was the organized importation of workers, which enterprises, primarily from the construction of construction and the LCK, were organized due to the shortage of labor. From January to September, 9.2 million people were put on account, in the 2020s there were only 7.5 million. According to the Ministry of Internal Affairs, for the first three quarters, 1.6 million patents are issued, twice as much as last year.
The head of the Contact payment system Sergey Nesterov noted that the so-called “Migration Amnesty” had its influence, in which hundreds of thousands of foreigners returned the right to enter Russia. According to him, the need for labor in the country is so high that the salaries of migrants were practically equal with salaries of local residents in the same industries.
The director of “Golden Crown – Money Transfers” Ivan Sitnov added that the efforts of the Bank of Russia to strengthen the ruble led to an increase in transfers in dollar terms. He believes that in the fourth quarter, the trend will continue.
In turn, the head of the Board of the Association “Financial Innovations” (AFI) Roman Prokhorov reminded that due to the record of inflation and expectations for the same six years, that the rise in prices continues, developers in Russia sharply accelerated the pace of work on construction projects . Such a situation leads to the fact that employees need more, and they have to pay them too more.