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Russia Urged to Attract Skilled Migrants for Growth

10/25/2025

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Summary

Story summary

Sberbank CEO German Gref says Russia must attract millions of skilled migrants to reach 3.2% annual growth through 2030.
He notes labor shortages from mobilization since 2022 and wage inflation from military payouts.
After the 2024 terrorist attack, the Kremlin tightened migrant controls from Central Asia and shifted recruitment toward South Asia, Africa, and Latin America, while Gref warns Russia loses qualified professionals and urges incentives for skilled migrants.

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Story summary

Sberbank CEO German Gref says Russia must attract millions of skilled migrants to reach 3.2% annual growth through 2030.
He notes labor shortages from mobilization since 2022 and wage inflation from military payouts.
After the 2024 terrorist attack, the Kremlin tightened migrant controls from Central Asia and shifted recruitment toward South Asia, Africa, and Latin America, while Gref warns Russia loses qualified professionals and urges incentives for skilled migrants.