In December 2023, remittances from Russia to the largest CIS countries decreased by an average of 36% annually to $627.6 million. RIA News.
As of December 2022, transfers decreased the most to Georgia, decreasing 4.5 times to 70.5 million dollars, to Kazakhstan, decreasing almost three times to 14.8 million dollars, and to Armenia, decreasing by one third to 297.5 million dollars.
The only CIS country that showed positive dynamics was Kyrgyzstan. The volume of transfers from Russia in this direction in December reached 244.7 million dollars (+25.4%).
There were also fewer money transfers from the CIS to Russia. The decrease was 14 percent. Meanwhile, transfers from Georgia to the Russian Federation almost doubled to $6.7 million, and from Kazakhstan increased by 18% to $51.4 million.
Before reportedHe said that Russia’s competition with China, the UAE and Europe for labor migrants from the CIS has intensified significantly recently.
Previously was named A CIS currency that has not collapsed against the dollar.