USD 350 Million in First Quarter Remittances from Russia to Caucasus

Monday, June 18, 2007, #113 (1380)
Messenger.ge, Georgia
By M. Alkhazashvili

People in Russia sent USD 350 million to the South Caucasus in the first quarter of 2007. Most of the transferred money was destined for Armenia; Georgia received the least, according to the news agency Regnum.

Transfers from South Caucasus countries to Russia were USD 21 million in the same period, with the majority of the money coming from Armenia.

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