YEREVAN, January 22. / ARKA /. Individual remittances from Russia to former Soviet republics in the first nine months of last year reached $13.611 billion, up 12% from a year earlier, the Central Bank of Russia said. The bulk of individual remittances are made by labor migrants through banks, post offices, money transfer systems, and also brought home in their wallets.
The largest amount of remittances from Russia in the first three quarters of last year went to Uzbekistan – $4.36 billion (an increase of 24% compared to the same period in 2011). It was followed by Tajikistan – $2.266 billion (an increase of 13%), and Ukraine – $2.242 billion (down 0.4%).
Some $1.268 billion were remitted to Moldova, $1.165 billion went to Kyrgyzstan, $877 million went to Armenia, Azerbaijan received $736 million, Belarus – $ 480 million, Kazakhstan – $ 200 million and Turkmenistan – $17 millions. -0-
