Russians rush to withdraw cash fearing Putin will seize private savings to fund war

Fear is spreading in Russia that the Kremlin could seize private savings to fund the war against Ukraine, prompting a growing wave of bank withdrawals at a pace that risks destabilising the country's financial sector. Russians cite anxiety fuelled by drone flights over cities and burning buildings as signs of escalating tension. The trend is raising serious concerns about the health of Russia's domestic banking system.

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