Russians ‘withdraw billions from banks over fears Putin will seize deposits for war’
- Russian citizens are withdrawing billions of roubles from the country’s banks over fears that the Kremlin could seize deposits to fund the war in Ukraine.
- Analysts say fears that the Kremlin could confiscate private savings to bankroll the conflict have triggered widespread panic, with more than 286.4bn roubles (£2.5bn) pulled from Russian banks during the first two weeks of August alone.
- A staggering £5.3bn was reported to have been withdrawn in July on top of a further £3.32bn in June, according to Central Bank data.
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- Russian citizens are withdrawing billions of roubles from the country’s banks over fears that the Kremlin could seize deposits to fund the war in Ukraine.
- Analysts say fears that the Kremlin could confiscate private savings to bankroll the conflict have triggered widespread panic, with more than 286.4bn roubles (£2.5bn) pulled from Russian banks during the first two weeks of August alone.
- A staggering £5.3bn was reported to have been withdrawn in July on top of a further £3.32bn in June, according to Central Bank data.
Sources: The Independent