Russians turn to cash as internet shutdowns and tax pressure strain wartime economy
Russians are increasingly turning to cash as mobile internet shutdowns disrupt card payments and businesses seek ways to reduce their tax burden under mounting financial pressure more than four years into the war with Ukraine. Central Bank figures analysed by the BBC show that Russia has added 1.56tn roubles, or about $20bn, in cash into circulation since the start of the year. That is the biggest rise for the equivalent period in any year outside the Covid-19 pandemic.The surge comes amid a wave of Ukrainian drone attacks that have repeatedly prompted the Kremlin to shut down mobile internet across large... [Continue Reading]
360LiveNews | 19 Jul 2026 01:30 LONDON
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