World · 19 August 2026

Why war fears are causing Russians to withdraw billions from banks

Unsplash / Vardan Papikyan

Russians are pulling record sums from banks due to fears the Kremlin could seize their money to fund the war in Ukraine. In the first two weeks of August, withdrawals totalled nearly $3.4 billion, following $7.3 billion in July and over $4.5 billion in June.

By BriefTea Editorial · 19 August 2026 at 21:07

Reported by Independent · How we write briefs

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