Covid-19 Restrictions On Central Asian Migrant Worker Pool Impacting On Remittances & 2020 Russian Harvest Potential
Migrant workers in Central Asia are sending back only half the remittances that they would usually send, data from the Russian Central Bank showed. It showed that in April, remittance flows from Russia to Tajikistan and Uzbekistan fell by 50% and to Georgia by 40% as the impact of the Covid-19 lockdowns.
Remittances, especially from Russia which has traditionally supplied most of the low-skill work, are vital to the economies of Central Asian countries. In Tajikistan and Kyrgyzstan roughly 50% of their GDP is linked to remittance flows. Reports from Russia also said that farmers were struggling to fill worker gaps caused by a lack of cheap labour from Central Asia.
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