Russians ‘withdraw billions from banks over fears Putin will seize deposits for war’

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

Russia's central bank reported that billions of roubles have been withdrawn from banks each month, as Russians pull out cash amid fears of the Kremlin seizing their savings to fund the war in Ukraine amid a deteriorating economy.

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.

POOL New / REUTERS Russians are pulling billions from their bank accounts over fears that Vladimir Putin could grab their money to fund his increasingly attritional war with Ukraine. The tide of the war has turned lately, with a Ukrainian counter-offensive reaching deep inside Russia, targeting commerce and energy inf

Russians are withdrawing billions, causing liquidity problems for banks and undermining the Kremlin’s ability to issue bonds to finance the fight in Ukraine.