Come back

1 min

03 Aug. 2023

3615

Loss of billions of dollars every month: how mass migration has affected the Ukrainian economy

Finance
Popular
War
Ukraine

Share:

Loss of billions of dollars every month: how mass migration has affected the Ukrainian economy

Ukraine's economy suffers losses of approximately $2 billion every month due to the mass migration of Ukrainians who have become refugees and are forced to live and work abroad. Find out if the government plans to return citizens home

Issuing a policy Green card for traveling abroad by car
Issuing a policy Green card for traveling abroad by car
BUY


Every month, Ukraine loses about $2 billion due to the outflow of working-age people who became refugees after the full-scale invasion of russia. Minister Sergiy Marchenko spoke about the serious economic losses caused by mass migration during a telethon.


Ukraine loses billions of dollars due to migration: details


According to Marchenko, the problem of the economy is caused by the large number of Ukrainians seeking asylum in other countries.


In particular, the biggest loss for Ukraine is not only the economic aspect, but also the loss of human potential. That is why the return of migrants home is becoming an extremely important goal for the government.


According to the NBU, the funds of Ukrainian citizens abroad are estimated at about $2 billion a month. This money is being "washed out" of the Ukrainian economy and invested in the economies of the countries that have accepted refugees.


There is also the problem of remote work, when some citizens receive a salary in Ukraine and spend it abroad where they live. This also leads to a decrease in revenues to the Ukrainian budget.


Ukrainian refugees continue to support the European economy. Read what the consequences are for Ukraine here.




Visit Ukraine on social media: Telegram | YouTube | Instagram | Facebook | Twitter | TikTok




Will Ukraine fight for the return of refugees?


Minister Marchenko sees the solution to the problem in creating conditions for the safe return of Ukrainians home and creating employment opportunities, which will further strengthen the country's economy.


According to the Ministry of Economy, about 6.2 million Ukrainians are currently living abroad.


It is worth noting that the war unleashed by russia has provoked the largest wave of refugees in Europe since World War II. According to sociologists, since February 24, 2022, 8.6 million Ukrainians have left for other countries. 


At the same time, according to UN estimates, this figure is 8.2 million people, of whom more than 5 million are officially registered under European protection programs.


Earlier, we wrote that mass migration of citizens has become one of the strongest blows to the economic situation. Read more about how refugees can affect the economic recovery of Ukraine and what steps are planned to be taken to motivate people to return home in our article.



Photo: ua.depositphotos.com




You may be interested in:


Visit Ukraine Donation - make a good deed and an important contribution to the Victory of Ukraine;

Visit Ukraine Legal advice - comprehensive legal support on entry to Ukraine;

Visit Ukraine Tours - the largest online database of tours to Ukraine for every taste;

Visit Ukraine Merch - choose patriotic clothing and accessories with worldwide delivery;

Visit Ukraine News - get the latest news and updates in our Telegram channel;

Cooperation - cooperation and advertising integrations with Visit Ukraine and Visit World projects.




Recommended articles

2 min

Travel No luggage and internet: popular airlines introduce new services for passengers

No luggage and internet: popular airlines introduce new services for passengers

New services of popular airlines are expected to start working in the near future and make traveling even more comfortable for passengers. Find out more about what innovations to expect for travel enthusiasts

02 Aug. 2023

More details

2 min

Popular When will Ukrainians and the world be able to enjoy Kherson watermelons again?

When will Ukrainians and the world be able to enjoy Kherson watermelons again?

On August 3, the world celebrates International Watermelon Day, but for Ukrainians, this date has a special meaning. Find out why Kherson watermelons have become a national symbol of Ukraine and what is happening to the region's agricultural sector now

03 Aug. 2023

More details

2 min

Popular How to get to Ukraine from Georgia: convenient routes by car or plane + train/bus

How to get to Ukraine from Georgia: convenient routes by car or plane + train/bus

Ukraine's airspace is still closed, so to make your trip comfortable and fast, you need to plan your route in advance. Find out how easy it is to get to Ukraine from Georgia and what you need to cross the Ukrainian border

03 Aug. 2023

More details

2 min

Travel Ukrainian towns you've never heard of before but should see with your own eyes

Ukrainian towns you've never heard of before but should see with your own eyes

There are hundreds of small but unique towns in Ukraine that impress with their unspoiled beauty. Find out about the places that are a real treasure for travelers who want to discover new pages of history, local culture and immerse themselves in the cozy atmosphere of ancient times

03 Aug. 2023

More details