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April 1, 2022 02:00 pm

As Russia Sees Tech Brain Drain, Other Nations Hope To Gain

Russia's tech workers are looking for safer and more secure professional pastures. By one estimate, up to 70,000 computer specialists, spooked by a sudden frost in the business and political climate, have bolted the country since Russia invaded Ukraine five weeks ago. Many more are expected to follow. From a report: For some countries, Russia's loss is being seen as their potential gain and an opportunity to bring fresh expertise to their own high-tech industries. Russian President Vladimir Putin has noticed the brain drain even in the throes of a war that, according to the U.N. refugee agency, has caused more than 4 million people to flee Ukraine and displaced millions more within the country. This week, Putin reacted to the exodus of tech professionals by approving legislation to eliminate income taxes between now and 2024 for individuals who work for information technology companies. Some people in the vast new pool of high-tech exiles say they are in no rush to return home. An elite crowd furnished with European Union visas has relocated to Poland or the Baltic nations of Latvia and Lithuania. A larger contingent has fallen back on countries where Russians do not need visas: Armenia, Georgia and the former Soviet republics in Central Asia. In normal times, millions of less-skilled laborers emigrate from those economically shaky countries to comparatively more prosperous Russia.

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