Mon, 12 May
19.9 C
Yerevan
USD: 388.86 RUB: 4.80 EUR: 430.74 GEL: 141.89 GBP: 511.04
spot_img

Zhiriniovsky’s party proposes moratorium on remittances by labor migrants to their homelands

YEREVAN, October 15. / ARKA /. Members of the Russian parliament from the Liberal Democratic Party , headed by a parliament vice -speaker Igor Lebedev have asked prime minister Dmitry Medvedev to consider the possibility of imposing a moratorium on remittances by labor migrants to their home countries, RIA Novosti reported citing an MP Yaroslav Nilov.

“We propose that a temporary moratorium be imposed on remittances by labor migrants to their home countries. We believe this will create a financial instrument to force labor migrants to leave our country. Subsequently we should establish a tough control on their entry into the Russian Federation”, said Nilov.

In their letter to Medvedev the lawmakers ask the prime minister to consider the possibility of ” a temporary moratorium on money transfers to a number of countries by all natural and legal persons from Russia’s territories to physical persons in other countries.”

“This must be done to reduce the attractiveness of Russia in the eyes of migrants. In our opinion these countries are Tajikistan, Uzbekistan, Azerbaijan, Kyrgyzstan and others. We emphasize that the proposed moratorium is temporary,” the letter says. -0-

spot_img

POPULAR

US Dollar and Euro Exchange Rates Down Against Armenian Dram

As of May 2, 2025, the average market exchange rate for the U.S. dollar decreased by 0.53 points compared to April 30, landing at 389.41 drams.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Net loan portfolio of Armenian banks in Q1 2025 increased by 32.4% to AMD 6.424 billion

The loan portfolio of the Armenian banking system, net of reserves, increased by 32.4% in the first quarter of 2025 compared to the same period last year, amounting to AMD 6.424 billion.

Market capitalization increased by 39% in April over the year, exceeding AMD 462 billion – Armenian Stock Exchange

Stock market capitalization increased by 39% in April over the year, exceeding AMD 462 billion, the press service of the Armenia Securities Exchange (AMX) reported.

US dollar slightly down  against dram

The average market exchange rate of the U.S. dollar to the Armenian dram on May 7, 2025, decreased by 0.18 points compared to May 6 and amounted to 389.28 drams.

LATEST NEWS

spot_imgspot_imgspot_img