Fleeing Russians Spike Economies Of Nearby Nations

The Insider reports:

The exodus of Russians started after many highly educated professionals — such as academics, finance, and tech workers — left Russia in the early days of the war.

By October 2022, about 700,000 Russians had left the country, Reuters reported citing Russian media — however, the Kremlin rejected those numbers saying it doesn’t have this data.

Many of these Russians ended up in neighboring countries, setting up new lives and businesses, and ended up boosting the economies of these nations, the independent Russian media outlet Novaya Gazeta reported on Friday.

Read the full article. Per the economic data, the chief beneficiaries of the exodus appear to be Armenia, Georgia, Turkey, Azerbaijan, and Kyrgyzstan.

Hundreds of thousands of people fled Russia after it invaded Ukraine — and now the countries that took them in are seeing a boost in their economies https://t.co/5pAc1vm38w

— Insider Politics (@insiderpolitics) July 24, 2023