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Damnt News

What the hell is going on in the world


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Damn it: Russians pull billions from banks amid fear Kremlin will seize deposits.

Published: August 18, 2026 at 09:00 AM · Washington Post World

Russians are pulling billions from banks, creating liquidity strains. The cash outflows threaten banks' funding and could complicate government bond issuance. The withdrawals reflect fears the Kremlin will seize deposits to finance its war in Ukraine.

Source: Washington Post World