All articles tagged with #bank withdrawals
Russians pulled about $3.4 billion from banks in the first two weeks of August, on top of $11.8 billion in June–July, as fears mount that Putin could seize funds to finance the war; fresh data show more than $9.4 billion left Russia in Q2 2026, worsening liquidity for banks and complicating government borrowing as Kyiv pressures infrastructure and industry.
Russian citizens are pulling billions from banks amid fears the Kremlin could seize deposits to fund the war in Ukraine, triggering liquidity strains. The Washington Post cites data from the Russian central bank showing about 286.4 billion rubles ($3.4 billion) withdrawn in the first two weeks of August, on top of roughly $7.3 billion withdrawn last month and more than $4.5 billion in June, underscoring a deep erosion of trust in Russia’s financial system.