Some aspects of migrants’ remittances

The article is devoted to questions of money transfers of individuals between Russia and the EU, and Russia and the CIS countries. Cash flows between countries are increasing every year, and every year the flow of remittances play an increasing role. The author identified the EU and CIS countries, where there is the greatest activity of individuals in financial transactions with the Russian Federation based on data from the Bank of Russia. The article analyses of the number of transactions and volume of remittances. It is shown that the transfer of funds by individuals closely linked to migration flows. In article the role of money transfer and electronic payment systems used by individuals for transfers between countries. It is increasing every year. Particular attention is paid to the problems in the area of unregistered migrants, and, therefore, hidden money transfers.

remittances, money transfer system, cross-border transfers, Russia, EU, CIS, migration, illegal migration