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Home Latest News

Number of migrants to Russia drops 70% in 2015

byCustoms Today Report
08/01/2015
in Latest News
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MOSCOW: The flow of migrants to Russia has fallen 70 percent over the first week of January compared to the same period last year, the head of Russia’s Federal Migration Service said Wednesday.

It’s possible this is connected with difficulties in finding low-skilled jobs,” Konstantin Romodanovsky was cited as saying by the Regnum news agency.Many migrant workers from Central Asia come to work in Russia in order to send remittances back home remittances which have now lost much of their value due to the steep devaluation of the ruble.

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Russia’s ruble fell about 40 percent against the U.S. dollar in 2014, meaning migrant workers’ wages are worth less than they used to be in their national currencies even as slowing economic growth cuts down on the number of low-skilled jobs on offer.

Just as economic issues have reduced workers’ incentives to move to Russia, new rules that came into effect on Jan. 1 have made it more difficult to do so.These amendments abolished the former quota system and require all foreign workers hoping to find employment in Russia to obtain work permits — which have more than tripled in price from 1,200 rubles to 4,000 rubles ($63).

Tags: RUSSIA MIGRANTS

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