Russia's New Brain Drain
Bloomberg Businessweek|March 21 - 28, 2022 (Double Issue)
Putin’s actions have the country’s best and brightest heading for any exit they can find
By Leonid Bershidsky
Russia's New Brain Drain

In Kyrgyzstan, a member of parliament urgently called on the government to start creating jobs and setting up temporary housing for the information technology professionals now arriving daily from Russia. Even a poor Central Asian nation that exports cheap migrant labor for Russian construction sites and fast-food restaurants looks like a safe haven to thousands of educated Russians fleeing the cataclysm Vladimir Putin created by invading Ukraine.

This can no longer be described as brain drain: It’s a stampede for the exits. Konstantin Sonin, an economist at the University of Chicago, has estimated that some 200,000 Russians fled in the first 10 days of the invasion—to Kyrgyzstan, Armenia, Georgia, Kazakhstan, Turkey, Israel—any country that admits Russians visa-free. That’s a small number compared with the 2.8 million refugees who’ve left Ukraine, but then Russians, as citizens of the aggressor nation, don’t need to run for their lives.

These are mostly people with lots to lose: homes, cars, comfortable incomes, and savings that are difficult to extricate from Russian banks because of tight capital controls. They are leaving everything behind, most of them because they want nothing to do with Putin’s sham-imperial project and don’t want to be associated with his war crimes; others because they cannot imagine living under the Soviet-style autarky to which Western sanctions have doomed Russia.

This story is from the March 21 - 28, 2022 (Double Issue) edition of Bloomberg Businessweek.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the March 21 - 28, 2022 (Double Issue) edition of Bloomberg Businessweek.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM BLOOMBERG BUSINESSWEEKView All
Instagram's Founders Say It's Time for a New Social App
Bloomberg Businessweek US

Instagram's Founders Say It's Time for a New Social App

The rise of AI and the fall of Twitter could create opportunities for upstarts

time-read
4 mins  |
March 13, 2023
Running in Circles
Bloomberg Businessweek US

Running in Circles

A subscription running shoe program aims to fight footwear waste

time-read
3 mins  |
March 20 - 27, 2023
What I Learned Working at a Hawaiien Mega-Resort
Bloomberg Businessweek US

What I Learned Working at a Hawaiien Mega-Resort

Nine wild secrets from the staff at Turtle Bay, who have to manage everyone from haughty honeymooners to go-go-dancing golfers.

time-read
10 mins  |
March 20 - 27, 2023
How Noma Will Blossom In Kyoto
Bloomberg Businessweek US

How Noma Will Blossom In Kyoto

The best restaurant in the world just began its second pop-up in Japan. Here's what's cooking

time-read
3 mins  |
March 20 - 27, 2023
The Last-Mover Problem
Bloomberg Businessweek US

The Last-Mover Problem

A startup called Sennder is trying to bring an extremely tech-resistant industry into the age of apps

time-read
10+ mins  |
March 20 - 27, 2023
Tick Tock, TikTok
Bloomberg Businessweek US

Tick Tock, TikTok

The US thinks the Chinese-owned social media app is a major national security risk. TikTok is running out of ways to avoid a ban

time-read
10+ mins  |
March 20 - 27, 2023
Cleaner Clothing Dye, Made From Bacteria
Bloomberg Businessweek US

Cleaner Clothing Dye, Made From Bacteria

A UK company produces colors with less water than conventional methods and no toxic chemicals

time-read
3 mins  |
March 20 - 27, 2023
Pumping Heat in Hamburg
Bloomberg Businessweek US

Pumping Heat in Hamburg

The German port city plans to store hot water underground and bring it up to heat homes in the winter

time-read
3 mins  |
March 20 - 27, 2023
Sustainability: Calamari's Climate Edge
Bloomberg Businessweek US

Sustainability: Calamari's Climate Edge

Squid's ability to flourish in warmer waters makes it fitting for a diet for the changing environment

time-read
4 mins  |
March 20 - 27, 2023
New Money, New Problems
Bloomberg Businessweek US

New Money, New Problems

In Naples, an influx of wealthy is displacing out-of-towners lower-income workers

time-read
4 mins  |
March 20 - 27, 2023