Migration in the Russian Federation: A Country Profile 2008 - EU ...
Migration in the Russian Federation: A Country Profile 2008 - EU ...
Migration in the Russian Federation: A Country Profile 2008 - EU ...
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Table 29. Remittances to and from <strong>the</strong> <strong>Russian</strong> <strong>Federation</strong>, 2000-2006 31<br />
remittances (million usD) 2000 2001 2002 2003 2004 2005 2006<br />
Inward remittance flows 1,275 1,403 1,359 1,453 2,668 3,117 3,308<br />
of which<br />
Workers’ remittances<br />
42 <strong>Migration</strong> <strong>in</strong> <strong>the</strong> <strong>Russian</strong> <strong>Federation</strong>: A <strong>Country</strong> <strong>Profile</strong> <strong>2008</strong><br />
- 363 232 300 1,098 820 983<br />
Compensation of employees 500 624 704 814 1,206 1,714 1,647<br />
Migrants’ transfer 775 416 423 339 364 583 678<br />
Outward remittance flows 1,101 1,823 2,226 3,233 5,188 6,989 11,438<br />
of which<br />
Workers’ remittances<br />
- 421 788 1,306 2,672 3,051 4,587<br />
Compensation of employees 232 493 507 958 1,464 2,921 6,038<br />
Migrants’ transfers 867 908 931 969 1,052 1,017 813<br />
Sources: World Bank, Development Prospects Group.<br />
Tables 27 and 28 above report <strong>the</strong> officially recorded remittances. The<br />
true size of remittances, <strong>in</strong>clud<strong>in</strong>g unrecorded flows through formal and <strong>in</strong>formal<br />
channels, is believed to be larger.<br />
For comparison, Table 29 below shows <strong>the</strong> amount of remittances as registered<br />
by <strong>the</strong> Central Bank of Russia (CBR). The CBR records <strong>the</strong> remittances<br />
of physical persons as performed by selected (most important) money transfer<br />
systems 32 and <strong>the</strong> Postal Service of Russia.<br />
31 World Bank, Development Prospects Group (2007) <strong>Migration</strong> and Remittances Factbook.<br />
32 Includ<strong>in</strong>g 16 <strong>in</strong>ternational payment systems (Western Union, MoneyGram, and o<strong>the</strong>rs).