Russians are pulling billions from banks over fears Putin will raid their savings

Danni Scott | Live News reporter Published August 19, 2026 10:23pm Updated August 19, 2026 10:23pm Russians are moving to cash over concerns about Putin’s war (Picture: ALEXANDER NEMENOV/AFP via Getty Images) Russian citizens have reportedly begun to pull money from banks after fears Vladimir Putin will raid savings to

Analysts say that Putin could seize assets if cash is needed for his stalling invasion

Russians are pulling billions from banks in the country over growing fears that Vladimir Putin could raid deposits to pay for his war against Ukraine.

Russians are pulling billions from banks as fears grow over Putin seizing private money, while capital flight adds pressure to Russia's war-hit economy.