Remittances to Russia by purpose

The largest volume of transferred money to Russia in 2021 stemmed from own funds of individuals and exceeded 6.5 billion U.S. dollars. Trust funds had the lowest monetary remittance in 2021, at three million U.S. dollars.

Monetary remittances to Russia in 2021, by purpose (in million U.S. dollars)

Characteristic	Transfers in million U.S. dollars
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Release date

April 2022

More information

Region

Russia

Survey time period

2021

Supplementary notes

*Transfers of own funds - transfers from an account of a resident individual opened with a resident bank to an account of a resident individual or resident,s close relative opened with a nonresident bank as well as transfers from an account of a resident individual or resident,s close relative opened with a nonresident bank to an account of the same resident individual opened with a resident bank.

**Loans includes disbursement, repayment and interest payments of loans

***Remittances without quid pro quo - grants, donations, compensations, scholarships, pensions, alimonies, inheritance payments, gifts and other. This item includes all transfers of resident individuals made via payment systems.

****Compensation of employees - transfers of wages and salaries, bonuses and others transfers concerned with labour contracts for the benefit of the resident individuals.

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