Russians pull billions from banks, amid fears the Kremlin will seize deposits for war in Ukraine
The Washington Post reports: Russians are pulling billions from the country’s banking system ― a record cash outflow amid intensifying Ukrainian drone attacks and rising fear that the Kremlin could start seizing deposits to finance its war. Nearly $3.4 billion (286.4 billion rubles) was withdrawn in the first two weeks of August, on top of the $7.3 billion withdrawn in July and more than $4.5 billion in June, according to Russian Central Bank data. Total withdrawals this year could nearly…