Will Putin Seize Our Money?
Moscow: A new wave of anxiety has gripped the Russian people as the Putin administration seizes the assets of major companies amidst the ongoing war with Ukraine. Fearing that the government might also confiscate the cash held in their bank accounts, citizens are withdrawing their money as a precautionary measure. While withdrawals have been ongoing for the past seven months, the pace intensified significantly in August. In the first two weeks of this month alone, cash amounting to 286.4 billion rubles (₹32,000 crore) was withdrawn.
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