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These economies are booming as Putin's war drives migrants and money out of Russia

CNBC LogoCNBC1w ago

These economies are booming as Putin's war drives migrants and money out of Russia - CNBC

Quick Summary:

As many economies reel from the impact of Russia's invasion of Ukraine, a select few countries are benefiting from an influx of Russian migration and accompanying wealth.

Between February and October, Russians transferred $1.412 billion to Georgian accounts — more than four times the $314 million transferred over the same period in 2021 — according to the National Bank of Georgia.

The majority of the remaining Russian migrants have fled to Turkey (24.9%), Armenia (15.1%) and uncited "other" countries (19%).


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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-25 @ 06:32:27 (1 weeks ago)

News Timezone: GMT -5:00

Ranking: #679 (out of 2151 stories this day)

News Source URL: cnbc.com

Language: English

Article Length: 1252 words

Reading Time: 7 minutes read

Sentences: 46 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CNBC

News ID: 1925892

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About CNBC

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Main Topics: Economy

Official Website: cnbc.com

Update Frequency: 19 posts per day

Year Established: 2005

Headquarters: United States

News Last Updated: 19 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #5

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