As a result of the war in Ukraine, Russians have begun to move to other countries. The impact of this on the economy of Uzbekistan and other countries was analyzed by Forbes.
The country that benefited the most from the migration of Russians was Armenia. Only in July-September, did more than 267,300 Russians enter Armenia.
Uzbekistan and Kazakhstan did not have such a strong positive effect from the mass migration of Russians - their economies are 5 and 10 times larger than Armenia's, respectively, the report said.
How did this situation affect Uzbekistan?
The World Bank expects Uzbekistan's GDP to grow slightly due to pandemic restrictions in China, supply chain disruptions and the risk of stagflation.
The growth of the country's economy will be 4.3 percent in 2022, which is less than 7.4 percent in 2021.
According to Mamarizo Nurmuratov, Chairman of the Central Bank, since the beginning of 2022, 67,000 Russians have opened accounts in Uzbekistan.
In addition, about half of them work and live in the country, he added.
According to the latest information from the Ministry of Internal Affairs, about 320,000 Russian citizens have entered Uzbekistan since the beginning of the year.
The largest flow was observed in the third quarter - from July to September, 189,000 people crossed the border.
Russians are moving to the country this year thanks in part to Uzbekistan's efforts: Days after the war in Ukraine began, the country's government introduced a three-year visa for foreign IT professionals.
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