Why are Russians pulling billions from banks? Fears of Putin’s asset grab grow

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.