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Current time: November 5, 2024, 12:42 am

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Russia's massive brain drain is ravaging the economy
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Russia's massive brain drain is ravaging the economy
https://www.businessinsider.com/russian-...ght-2023-9

Since Vladimir Putin launched the invasion in February 2022, emigration out of Russia has exploded, with some estimates putting the exodus at 1 million people. A recent analysis from the policy platform Re: Russia narrowed the number to 817,000-922,000.

That's contributed to a record labor shortage, with 42% of industrial firms unable to find enough workers in July, up from 35% in April....

...And according to a report from the French Institute of International Relations, 86% of those who have left Russia are under the age of 45, and 80% have a college education. At least 100,000 IT professionals moved out of Russia in 2022, a Kremlin official estimated last year....
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