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VetOfTheSeas@discuss.online to Ukraine@sopuli.xyz · 1 day ago

Russians Are Pulling Billions From Banks As Fears Grow That Putin Could Seize Deposits to Fund The War

www.ibtimes.com

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  • worldnews@lemmit.online
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Russians Are Pulling Billions From Banks As Fears Grow That Putin Could Seize Deposits to Fund The War

www.ibtimes.com

VetOfTheSeas@discuss.online to Ukraine@sopuli.xyz · 1 day ago
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  • cross-posted to:
  • worldnews@lemmit.online
A senior executive at Sberbank, Russia's largest retail bank, warned that withdrawals for all of 2026 could approach twice the amount withdrawn during that first year of the war.
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  • hairyfeet@lemmy.ml
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    5 hours ago

    It’s not a surprise when their card merchant systems don’t work after shutting down the network because Ukraine were using it to guide their drones.

    Russians still need to pay for things and they now need cash, this isn’t by itself a sign of a run on the banks.

  • zabadoh@ani.social
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    1 day ago

    Ironically, Putin is worth estimated between $100 and $200 billion and could fund the war himself.

    • NigelFrobisher@aussie.zone
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      1 day ago

      He needs that money to restore Marxist Leninist Communism when the West is finally defeated.

      • bufalo1973@piefed.social
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        1 day ago

        Nice joke!

    • khannie@lemmy.world
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      1 day ago

      Mmmm, 2023 was $126 billion so technically true but not for very long.

  • LouNeko@lemmy.world
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    1 day ago

    *3 Day Special Military Operation

  • Fisting for Freedom@sh.itjust.works
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    1 day ago

    In times of trouble, it’s easier to sleep with cash under your mattress.

    • one_old_coder@piefed.social
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      7 hours ago

      I’m not an economist but surely it can only give you some time. What happens when the value of the paper drops down to zero?

      • Fisting for Freedom@sh.itjust.works
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        5 hours ago

        It won’t drop to zero because it turns into something you can burn for warmth.

        • DaveyRocket@lemmy.world
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          24 minutes ago

          And the rich people who controlled everything and promised the world turn into something tasty.

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