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VetOfTheSeas@discuss.online to Ukraine@sopuli.xyz · 15 days 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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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 · 15 days ago
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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at Sberbank, Russia's largest retail bank, warned that withdrawals for all of 2026 could approach twice the amount withdrawn during that first year of the war.
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  • zabadoh@ani.social
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    15 days ago

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

    • NigelFrobisher@aussie.zone
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      15 days ago

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

      • bufalo1973@piefed.social
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        15 days ago

        Nice joke!

    • khannie@lemmy.world
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      15 days ago

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

  • LouNeko@lemmy.world
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    15 days ago

    *3 Day Special Military Operation

  • Fisting for Freedom@sh.itjust.works
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    15 days ago

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

    • one_old_coder@piefed.social
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      14 days 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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        14 days ago

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

        • DaveyRocket@lemmy.world
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          14 days ago

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

          • Fisting for Freedom@sh.itjust.works
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            14 days ago

            There’s no way I’m actually eating the rich. That’s probably how they got the brainworms in the first place.

  • hairyfeet@lemmy.ml
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    14 days 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.

    • lurch (he/him)@sh.itjust.works
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      11 days ago

      the problem are the consequences: if too many ppl withdraw too much, the banks run short on cash. people either can’t withdraw, so some ppl will run out and can’t shop any more or it can be fixed by printing more money and put it in circulation, which will devalue it and ppl need even more of it.

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