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Europe

Russian are not cashing out of banks, deposits hit a record high but savings boom that built them running out of steam

bne IntelliNews · 2h ago · 🇷🇺 Russia

Russian are not cashing out of banks, deposits hit a record high but savings boom that built them running out of steam

This week The Telegraph reported that “Russians withdraw billions from banks amid fears Putin could seize deposits.” What actually happened is Russian bank deposits have doubled since the start of the war in Ukraine and are still rising.

Read the full story at bne IntelliNews →

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