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Russians feared confiscations for military needs and felt a loss of stability.

According to the Central Bank, cited by the Washington Post, Russians are becoming more active with each passing month of summer. bring out money from their bank accounts: in June they withdrew 323 billion rubles, in July - 565 billion, for two weeks of August - 286 billion

In total, in less than three months of summer, a total of 1,175 trillion rubles.

According to the Deputy Chairman of the Board of Sberbank Taras Skvortsov, Overall, the volume of withdrawn funds this year could reach four trillion rubles — this is twice the amount withdrawn in the first year of the full-scale war with Ukraine.

"Drones are flying. Everything is on fire. Nervousness is growing. And then common sense awakens in people: money should be kept under the pillow, not in banks that might never return it." — says a source to the Washington Post.

According to him, due to fear of possible asset confiscation, large companies have also begun to withdraw money.

Amid the massive outflow of funds, the Ministry of Finance has already suspended the planned issue of bonds to cover the budget deficit (currently it amounts to almost six and a half trillion rubles).

EconomyUnited States of America