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Russians Pull Billions From Banks Over Putin

By Google News World · Summarized & edited by · 2026-08-19
Russians Pull Billions From Banks Over Putin

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Why it matters: Russians pulling billions from their own banks over fears Putin will seize deposits for war shows the Ukraine conflict is now visibly draining trust in domestic financial institutions — depositor flight of that scale directly undermines Putin's ability to fund the war quietly from the home front.

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