Mass Withdrawals in Russia: Almost Twice as Much Cash Away as After the Start of the War 2022 – Explosive Central Bank Data
10 Articles
10 Articles
International media report shocks in the Russian banking system: Many Russians would withdraw money from their accounts for fear of state attacks. What is behind it and what problems Putin is struggling with.
Russian citizens withdraw massive cash. War financing is wobbly – and critical voices are increasing in the leadership elite.
Population has been taking out billions of bank accounts and converting values to living money, amidst fears of confiscation by the regime, which suffers from budget rhombus and reserves consumed in the fifth year of conflict
Russians withdraw billions from their accounts, which poses problems for both banks and President Putin.
Billions of dollars have been withdrawn from banks in Russia amid fears that the Kremlin will seize deposits to finance the war. Withdrawals, which have triggered a cash crisis in the system, are estimated to double the 2022 level, deepening the liquidity problems for banks.
In early August, cash withdrawals totaled 2.9 billion euros.
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