Russians Withdraw Billions From Banks Amid War Economy Concerns
Politics
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1h ago

Russians Withdraw Billions From Banks Amid War Economy Concerns

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Russians are withdrawing billions of dollars from banks, creating liquidity problems and potentially undermining the Kremlin’s ability to finance the war in Ukraine. The withdrawals are driven by fears that the Kremlin may seize deposits, coupled with concerns about Ukrainian drone attacks and a widening budget deficit. The scale of the withdrawals is significant enough to impact banks’ financial stability and Moscow’s bond market. No right-leaning outlets reported on this story. The situation raises questions about the long-term sustainability of Russia’s war economy and the Kremlin’s ability to maintain financial control as the conflict continues.

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