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Remittances to Ukraine and Russia have shot up by more than 50 per cent since the invasion

Russia’s invasion of Ukraine has spurred a rush of remittances from citizens from both countries living abroad to help their families withstand war disruptions. Transfers to Ukraine through MoneyGram, the US-based remittances company, spiked by 120 per cent on 24 February, the day Russia attacked Ukraine, while remittances to Russia rose by more than 50 per cent the week of the invasion, said CEO Alex Holmes.

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