Russia is suffering from a slow-motion bank run

[SSG Snuggle Bunny]

A financial crisis that has long been predicted by Russia experts and Kremlin insiders appears to have finally arrived as banks see depositors scramble to pull out their money amid fears it may be seized.

In the first half of August, Russians withdrew $3.4 billion (286.4 billion rubles), according to central bank data cited by the Washington Post. That's after $7.3 billion was withdrawn in July and $4.5 billion in June.

https://finance.yahoo.com/economy/articles/russia-suffering-slow-motion-bank-231531238.html