The Impact of Remittances From Abroad on Socio-Economic Development in Tajikistan

The article examines the socio-economic relationship between Tajikistan and Russia, the new European Union and USA sanctions against Russia and their impact on the economy and well-being of Tajikistan, and the role of Society for Worldwide Interbank Financial Telecommunication (SWIFT) in Russian and Tajik banks, including the disconnection of SWIFT from Russian banks and its impact on remittances of migrant workers in Tajikistan. Attention is paid to Tajikistan’s crisis management policy. After gaining independence, Tajikistan’s economy suffered greatly from the civil war in the republic. Russia is one of the main donors to Tajikistan’s economy. There are countries that are more connected to Russia than Tajikistan, but it is difficult to find a country that could compete with Tajikistan in terms of dependence on Russia. Almost all sectors of Tajikistan’s economy depend on Russia: Tajikistan is a donor country for migrant workers, and remittances from migrant workers play an important role in Tajikistan’s economy. Only, at the expense of money transfers of Tajik labor migrants, the banking sector of Tajikistan is supported. Over the years of independence, Tajikistan has not taken its economy out of the influence of Russia. The dependence of the Tajik economy on Russia manifested itself in the very first days of the conflict actions on the territory of Ukraine in February 2022. After the statement of Western countries on the introduction of new sanctions to restrict the access of some Russian banks to the SWIFT, the problems of the financial intermediation market of Tajikistan were exposed. An unprecedented package of sanctions by Western countries due to the situation with Ukraine has already led to a number of problems inside Tajikistan. European Union and USA sanctions against Russia have also had a strong impact on all sectors of Tajikistan’s economy, from food prices to the banking sector. The aim of the article is to assess the role of the new European Union and USA sanctions against Russia in connection with the conflict in Ukraine and their impact on the economy and welfare of Tajikistan.

Section: The Impact Of Sanctions Against Russia On the Economy Of Taj...mentioning

confidence: 99%

New sanctions of the European Union and United States against Russia and their impact on Tajikistan’s socio-economic development

Rakhmonov

2023

Emigration from Tajikistan to the Baltic States: trends and prospects of development

Rakhmonov¹

2021

The article studies the relations between the Republic of Tajikistan and the Baltic States after gaining independence from the USSR. The paper considers the Baltic States as a new direction of emigration for citizens of Tajikistan. The author also pays attention to remittances from the Baltic States to the economy of Tajikistan. The purpose of the article is to identify new trends and directions of labor migration from Tajikistan to the Baltic countries. The objectives of the study are to determine the factors influencing the formation of new geographical directions of labor migration from Tajikistan. The main research method was the economic and statistical method, which includes the collection and processing of data on labor migration, as well as an assessment of the contribution of labor migration to the gross domestic product of Tajikistan as a sending country based on the author’s calculation methods. An important research method was conducting interviews with experts, as well as a secondary analysis of sociological surveys and Internet resources with stories of the life and migration of emigrants from Tajikistan to the Baltic countries.

Reasons for choosing Russia as the main direction of labor migration from Tajikistan in the context of COVID-19 pandemic and sanctions

Rakhmonov

2023

The article examines the impact of the currency crisis and the consequences of COVID-19 pandemic on labor migration from Tajikistan to Russia, the impact of new anti-Russian sanctions by the European Union and United States of America on Tajik labor migrants, as well as the repulsive factors of the reorientation of migrants from Tajikistan to a new direction of labor emigration to the Organization for Economic Co-operation and Development (OECD) countries and the Persian Gulf. Russia is the main migration channel for labor migrants from Tajikistan. During the entire period of their stay in Russia they face various crisis phenomena in the country along with the local population. Each crisis in Russia has had a different negative impact on the situation of Tajik labor migrants. During the currency crisis in 2014–2015, Tajik migrants lost their income by twice due to the fall in the Russian ruble exchange rate. During the COVID-19 period, because of the introduction of a self-isolation regime in Russia, since the end of March 2020, the Russian labor market has been compressed, many Tajik labor migrants have lost their jobs. The new anti-Russian sanctions have already affected Tajikistan. Due to the European and the United States sanctions against Russia, the total flow of labor migration from Tajikistan to Russia has decreased. The aim of the article is to identify the attractive factors of the orientation of Tajik migrants to labor emigration to Russia and the repulsive factors of the reorientation of Tajik migrants to a new direction of labor emigration to the OECD and Persian Gulf countries.