RUSSIA Bans Workers

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Russia is facing one of the biggest labour shortages in its modern history.

Businesses across the country are struggling to recruit workers, unemployment is close to record lows, and Russia's own Labour Ministry estimates that the economy could need almost 11 million additional workers by 2030.

So why is the Russian government making it harder for migrant workers to enter and remain in the country?

In this video, I examine Russia's growing labour crisis, the impact of demographic decline, the loss of workers through mobilisation and emigration, and the migration crackdown that followed the Crocus City Hall attack.

We'll look at the numbers behind Russia's workforce shortage, the effect on inflation and interest rates, and why economists are increasingly concerned about the country's long-term growth prospects.

Is Russia making a difficult economic situation even worse?

Let me know your thoughts in the comments below.

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