Money sent back from Russia, which is relatively cheap and easy to reach and has a familiar language, is a crucial lifeline. Russia’s invasion of Ukraine may cut it
Save time by listening to our audio articles as you multitaskMr Abdyrakhmanov’s story is typical. In Batken in the Fergana Valley, close to Kyrgyzstan’s borders with Tajikistan and Uzbekistan, it is rare to find a family without at least one member working in Russia. Mr Abdyrakhmanov had no desire to leave the fertile and scenic region of his birth. But working in Moscow he made three times the average wage back home, where opportunities are mostly limited to growing rice, apricots and walnuts.
But Russia’s invasion of Ukraine may cut that lifeline. The World Bank predicts that Kyrgyzstan’s economy will shrink by 5% this year. One big reason is that it expects remittances to fall by nearly a third as migrants lose their jobs in Russia’s sanctions-hit economy. The fall of the rouble earlier this year also temporarily reduced the value of the money they sent home, though the currency has since recovered.
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