The economies of Georgia and Armenia grew with the influx of Russian citizens and money.

In 2022, more than 200,000 unwilling Russians arrived in Georgia, which contributed to a 10% increase in GDP. This is reported by the Polish Enterprise Support Institute.
Some 13,500 Russian companies have also been registered in Georgia since the outbreak of the Russian-Ukrainian war. 
The situation is similar in Armenia. Economic growth due to the inflow of Russian money and citizens was recorded at 17%. This led to the creation of over 5,000 IT companies in Armenia.

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