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Reuters
Reuters
Business

Ukrainian refugee influx could ease euro zone labour shortage: ECB

ECB Euro euro zone Refugee European Central Bank European Union
FILE PHOTO: Ukrainian refugees from the Azovstal steel plant in Mariupol arrive at a registration and humanitarian aid centre for internally displaced people as police guard, amid Russia's ongoing invasion of Ukraine, in Zaporizhzhia, Ukraine May 8, 2022. REUTERS/Gleb Garanich

The influx of Ukrainian refugees into the European Union could gradually ease labour shortages in the euro zone as some of those fleeing the war are likely to settle permanently, the European Central Bank said on Monday.

Around seven million people, mostly women and children, have fled Ukraine so far since Russia launched its invasion on Feb. 24, and more are leaving each day, with many hoping to find durable employment opportunities in the 27-nation EU.

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