Oil and gas policy of Russia and migration: impact on the socio-economic situation of the post-Soviet countries in the context of the 2020 coronavirus crisis
https://doi.org/10.48137/2687-0703_2022_17_1_97
Abstract
The article provides a detailed analysis of the consequences of changes in oil and gas prices and the suspension of the functioning of the Eurasian migration system on the standard of living of the population in the countries of the post-Soviet space, with the exception of the Baltic countries.
The authors of the article substantiate the following point of view: during the pandemic, import-dependent post-Soviet countries were not able to take full advantage of the lower oil prices, since negative processes in their own economic systems intensified - devaluation of national currencies against the dollar, rising prices for goods and services, reduction in the volume of labor migrants remittances. As a result of the combination of these factors, the well-being of the population in labor donor countries, especially its low-income strata, has deteriorated significantly.
Under these conditions, Russian oil and gas policy aimed to reduce and curb the growth of energy prices during this period, as well as the transfers of migrants who remained to work in Russia, provided serious support to the economies of the studied republics and made it possible to limit the development of negative socio-economic trends in the CIS countries.
About the Authors
A. S. Kramarenko
Institute of CIS
Russian Federation
Russian Federation
Anastasiya S. Kramarenko - Candidate of Political Science, Senior Researcher at The Institute of CIS.
7/10, st. Bolshaya Polyanka, Moscow, 119180
Yu. Yu. Kuznetsova
Institute CIS
Russian Federation
Russian Federation
Yulia Yu. Kuznetsova – researcher at the Institute CIS countries.
7/10, st. Bolshaya Polyanka, Moscow, 119180
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Review
For citations:
Kramarenko A.S., Kuznetsova Yu.Yu. Oil and gas policy of Russia and migration: impact on the socio-economic situation of the post-Soviet countries in the context of the 2020 coronavirus crisis. Geoeconomics of Energetics. 2022;(1):97-131. (In Russ.) https://doi.org/10.48137/2687-0703_2022_17_1_97
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