Archive · 2 Sep 2026
Sberbank Positions Indian Workers as Russia’s Strategic Labor Resource
Russia expects to have too few workers in the coming years.
Sberbank says India could help provide more workers.
The bank created an online system to recruit people and help them arrive at jobs.
It also offers services such as payment cards, phone connections, medical programs, and money transfers.
Sberbank says the number of Indian users of its transfer services rose by 90% in one year.
The bank is also helping Russian companies find Indian suppliers.
More than 10,000 suppliers are included in its business network.
Sberbank wants Russia and India to cooperate more closely in business and technology.
Russia is projected to face a shortage of more than three million workers by 2030.
Sberbank has created a digital recruitment platform covering applications through employee deployment.
The platform offers payroll cards, SIM cards, medical programs, biometrics, and money transfers.
Indian users of Sberbank’s money-transfer services increased by 90% over the past 12 months.
SberIndia covers more than 100 categories and over 10,000 Indian suppliers for Russian companies.
- Who
- Sberbank First Deputy Chairman Alexander Vedyakhin discussed the initiative and India-Russia business cooperation.
- What
- Sberbank is expanding recruitment, worker-support services, and supplier connections between India and Russia.
- When
- The comments were made on the sidelines of the Eastern Economic Forum-2026; the article also cites changes over the past 12 months and a projected shortage by 2030.
- Where
- The discussion took place at the Eastern Economic Forum, while the recruitment and business links involve India and Russia.
- Why
- Russia is projected to face a shortage of more than three million workers by 2030, while Russian companies are seeking Indian suppliers and closer economic cooperation.
- Projected Russian labor shortage
- More than 3 million workers by 2030
- India’s population
- More than 1.4 billion
- Recruitment platform
- Covers applications through employee deployment at the worksite
- Worker services
- Payroll cards, SIM cards, medical programs, biometrics, and money transfers
- Money-transfer growth
- Indian users increased by 90% over the past 12 months
- Supplier coverage
- More than 100 focus categories and over 10,000 suppliers
- Priority cooperation areas
- Mechanical engineering, industrial equipment, and highly processed food products