Russians pull billions from banks amid fears savings could be seized for war
Russians are withdrawing billions from banks amid growing fears that the Kremlin could seize private savings to help finance the war effort. The reported outflows point to a sudden confidence shock in the banking system. The development is centred on Russia and comes as concerns about the security of deposits have spread among savers.The report says the withdrawals amount to billions, although no exact total is given in the supplied material. It links the rush for cash to fears that savings could be taken for war-related purposes. The concern is described as a fear rather than a confirmed policy, and... [Continue Reading]
360LiveNews | 19 Aug 2026 12:00 LONDON
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