PSB relocation to Yaroslavl boosts region's economy
The relocation of PSB from Moscow to Yaroslavl could bring up to 140 billion rubles to the region by 2040. As early as 2025, the re-registration of 2,000 employees brought the region nearly 2.5 billion rubles in additional taxes.
Consensus
- The relocation of PSB from Moscow to Yaroslavl began with the re-registration of 2,000 employees in 2025.
- The re-registration of 2,000 PSB employees in Yaroslavl generated nearly 2.5 billion rubles in extra tax revenue for the region in 2024.
- PSB plans to relocate 5,000 employees to Yaroslavl by 2030.
- The total economic effect of the relocation for Yaroslavl is projected to reach up to 140 billion rubles by the year 2040.
- The experience of PSB's relocation is considered a potential model for other large companies moving to regions.
- The relocation includes both remote and physical moves, with physical relocation of employees beginning in 2026.
Points of divergence
- Ministry of Economic Development identified eight such holding companies for regional relocation. — tg_mash
- The relocation of PSB will bring over 12,000 people to Yaroslavl, including families, which is approximately 2% of the city's population. — tg_bazabazon
- The physical relocation of 230 employees is expected by the end of 2026, and 300 more in 2027. — vesti
- Petra Fradkov stated that cross-border payment systems have become a tool of 'new war'. — vesti
Coverage (4 sources)
- The issue of relocating major companies to regions became one of the key topics at Vladimir Putin's meeting with government members. — Mash
- Relocation of major bank to Yaroslavl gave region 2.5 billion rubles in additional taxes. — Baza
- PSB's move from Moscow to Yaroslavl could bring the region up to 140 billion rubles by 2040 — Московский кэш
- Petr Fradkov spoke about the progress of PSB's relocation to Yaroslavl region — Вести
Key entities
- PSB
- Yaroslavl
- Moscow
- Yaroslavl Oblast
- Petr Fradkov
- Vladimir Putin
- Ministry of Economic Development
- PSB Relocation
More on Petr Fradkov
- PSB Bank is interested in developing cooperation with Belarus
- PSB Chief Calls Payment Systems 'New Warfare' Tool