Sberbank Seeks More Indian Workers for Construction
Sberbank is calling for more Indian workers to address a labor shortage of 2.3 million people. The lender offered to help facilitate entry for skilled migrants.
Sberbank is calling for more workers from India to enter Russia to address a construction labor deficit of 2.3 million people. The state-backed lender offered to facilitate immigration as the shortfall intensifies following the conflict in Ukraine. Sberbank specifically committed to developing solutions that simplify the entry process for foreign workers to help bridge this gap.
### Solving the 2.3 Million Worker Shortfall Russia issued nearly 72,000 work permits to Indian nationals last year, a sharp increase from 5,000 in 2021. This figure now represents nearly one-third of the total annual quota for migrant workers on visas. Despite this growth, Sberbank executives argue current levels remain insufficient to meet the needs of the construction sector.
