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

Source: International Business Times

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at Sberbank, Russia's largest retail bank, warned that withdrawals for all of 2026 could approach twice the amount withdrawn during that first year of the war. Alexander Nemenov/AFP via Getty Images Russians are pulling billions of dollars out of banks at a pace not seen since the early days of the invasion of Ukraine, as drone attacks, mounting economic strains and fears that the Kremlin could eventually tap private deposits to finance the war shake confidence in the country's financial system. Nearly $3.