100,000 Russians have emigrated to Armenia since the beginning of the war with Ukraine

Since the beginning of the war in Ukraine, Armenia has received almost 100,000 Russians. This was reported by the French newspaper Le Dauphiné Libéré.

It is reported that some of the emigrants left the Russian Federation due to political convictions, while others came to Yerevan to continue their trade and economic ties with the West and the United States.

“The influx of Russians into Armenia led to the economic growth of the country. Prime Minister Nikol Pashinyan announced double-digit economic growth in the country in 2022,” the newspaper notes. However, according to the publication, the massive influx of Russians has been destabilizing the local real estate market for more than a year. According to experts, rental prices in Yerevan and other cities have increased by 30-40%.

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