Russians turn to cash, putting more strain on slowing wartime economy
Russians have been hit by mobile internet shutdowns and more businesses are seeking to dodge tax after more than four years of war with Ukraine.
Coverage by Political Leaning
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Notable Quotes
"This is a very worrying moment... We are not seeing cash return to the banking system through cash collection, ATMs or self-service terminals."
— Taras Skvortsov , Executive
"One arm of the government is trying to squeeze as much money as possible out of people through higher taxes, fines and other charges."
— Alexander Kolyandr , Academic
Key People
Alexander Kolyandr is a non-resident senior fellow at the Center for European Policy Analysis.
Taras Skvortsov is the chief financial officer of Sberbank, Russia's largest lender.
Vladimir Putin is the President of Russia.
Locations
All Coverage
Russians have been hit by mobile internet shutdowns and more businesses are seeking to dodge tax after more than four years of war with Ukraine.
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