Russian technology workers are fleeing the country by the tens of thousands as the economy goes into a tailspin under pressure from international sanctions. 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.
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, the AP reports.
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.
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