Citing central banks of Uzbekistan, Kyrgyzstan, Kazakhstan, Georgia and Armenia, RBC said on January 28 that these countries received record high mounts of remittances from Russia last year.
RBC notes that it failed to get information on Tajikistan.
Uzbek national last year reportedly sent 14.5 billion US dollars through money transfer systems from Russia to banks in Uzbekistan, which is 2.6 times more than in 2021.
A representative of Uzbekistan’s central bank reportedly noted that the sharp increase in international remittances was driven by significant strengthening of the Russian ruble against the dollar and transition of labor migrants to official channels of sending remittances due currency restrictions introduced in Russia.
775.4 million U.S. dollars were reportedly sent through the money transfer systems from Russia to banks in Kazakhstan, which is 6.8 times more than in 2021.
About 2 billion U.S. dollars were sent through money transfer systems from Russia to Georgia in 2022, which is almost 5 times more than in 2021 (in 2021, 411.3 million US dollars were sent from Russia to banks in Georgia).
RBC notes that central banks of Kyrgyzstan and Armenia have not yet published data for the whole 2022.
However, it is noted that over the first eleven months of last year, 2.6 billion US dollars were sent through money transfer systems from Russia to Kyrgyzstan, which is 6.0 percent more than in the same period of 2021.
Meanwhile, according to some sources, remittances from Russia to Tajikistan were expected to amount to 3.2 billion U.S. dollars last year.
