As Russia sees tech brain drain, other nations hope to gain

As Russia sees tech brain drain, other nations hope to gain. By Ludas Dapkus.

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.

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 … This week, Putin [approved] legislation to eliminate income taxes between now and 2024 for individuals who work for information technology companies. …

Russian talent is primed for poaching. A 2020 Global Skills Index report published by Coursera, a leading provider of open online courses, found that people from Russia scored highest for skill proficiency in technology and data science. …

Siniushin, the managing partner at Untitled Ventures, is urging Western nations to throw open their doors so their employers can take advantage of the unusual hiring opportunity the war created.

“The more talent that Europe or the United States can take away from Russia today, the more benefits these new innovators, whose potential will be fully realized abroad, will bring to other countries,” he said.

I’ll bet Putin didn’t factor that in before resorting to war.