Saturday, 20 December 2008

Russia's migrants face attacks in economic slump

Remittances _ the money migrants send home to their families _ are critical to the economies of many former Soviet nations, and they are drying up as workers leave.

About 1.5 million of Tajikistan's population of 7 million work in Russia, and their remittances amount to about two-fifths of the country's GDP, the World Bank said. Uzbekistan, Kyrgyzstan, Armenia and Georgia also rely heavily on citizens who work abroad.

Moldova, Europe's poorest country, depends on remittances from the 2 million Moldovans working in Russia for almost 40 percent of its GDP. Deputy prime minister Igor Dodon told the Interfax news agency that half a million labor migrants from Moldova will return before the year's end. Read more

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