World · 19 August 2026

Russians withdraw billions from banks fearing government seizure for war funding

Image by aksakalko on Freepik

Russians are pulling out huge amounts of money from banks, worried the government might take it to fund the war in Ukraine. Almost $3.4 billion was taken out in the first two weeks of August, after $7.3 billion in July and over $4.5 billion in June.

By BriefTea Editorial · 19 August 2026 at 8:05

Reported by Independent · How we write briefs