The arrival of Russians in the post-Soviet countries has a positive effect on the economies of the host countries, although it carries some risks.
RBC says this opinion was expressed by Tatyana Orlova, a leading emerging markets economist at the British consulting company Oxford Economics.
The “Brain Drain from Russia Benefits Its Former Soviet Neighbors” review states that the effect of the Russians’ arrival is expressed in the influx of monetary and human capital.
Meanwhile, it is noted that the resettlement of Russians can cause social tension in the host countries.
Also, dissatisfaction may be caused by rising cost of living, including a significant increase in rental prices amid increased demand.
According to available data on the number of those who left Russia, the majority of them arrived in Turkiye, Kazakhstan, Armenia, Georgia and Azerbaijan.
For the countries of the post-Soviet space, the effect of the relocation of Russians is expressed in the inflow of monetary and human capital.
Cash receipts are reportedly already having a positive impact on the current account balance of the countries, activating their internal demand for goods and services.
Human capital inflows reportedly can benefit in the long-term period if the host countries create favorable conditions for favorable conditions for the work of highly qualified immigrants from Russia.
At the same time, Ms. Orlova notes that the resettlement of Russian cause social tension in the host countries.
She, in particular, cites Georgia as an example: after the military conflict of 2008 and secession of Abkhazia and South Ossetia, Georgians “remain alert”, despite the economic benefits of the arrival of Russians.
Another reason for the discontent of local residents is rising cost of living, including a significant increase in rental housing prices against the background of increased demand.
Thus, the Ministry of Justice of Uzbekistan reported in early October that landlords evict local tenants in favor of foreigners and unreasonably inflate prices.
