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
See how different sides of the spectrum reported this story
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.
Similar Stories
Related coverage based on topic and tags
Russian glide bomb attack on Zaporizhzhia kills at least 15 people
Children are among the victims, authorities say, and more victims could still be buried in the rubble of a large apartment block that was destroyed.
October 10, 2026 at 11:17 AMGermany sticks to Russia sanctions after Trump announcement on diesel - Reuters
Germany sticks to Russia sanctions after Trump announcement on diesel Reuters
October 10, 2026 at 10:59 AMThailand prepares to host IMF-World Bank meetings - Reuters
Thailand prepares to host IMF-World Bank meetings Reuters
October 10, 2026 at 08:44 AMRussian attack on Ukrainian city kills 12, a day after Trump eases diesel sanctions on Moscow - Reuters
Russian attack on Ukrainian city kills 12, a day after Trump eases diesel sanctions on Moscow Reuters
October 10, 2026 at 06:39 AMTrump announces deal for Russian diesel as Zelensky calls it a gift to Putin
Ukraine's president sharply criticised the move, calling it an "investment in war that must be ended, not prolonged".
October 10, 2026 at 12:45 AMUS-Ukraine-European negotiators meet in Miami as Trump announces diesel deal with Russia - Reuters
US-Ukraine-European negotiators meet in Miami as Trump announces diesel deal with Russia Reuters
October 10, 2026 at 12:03 AM