Ukraine-Russia war latest: Russians ‘withdraw billions’ from banks amid Putin fears

Live updates

1. 23d ago

   Ukrainian drones strike Ozon logistics hub as Russian bank outflows continue

   Ukrainian drones ignited a fire at an Ozon logistics hub following a series of attacks on the retailer Wildberries. This escalation coincides with reports of Russians withdrawing billions from banks over fears that the Kremlin will seize deposits to fund the war. While the financial instability reflects growing domestic unease, Kyiv is intensifying its strategy of targeting Russian commercial infrastructure. The combination of internal economic anxiety and external strikes on logistics hubs indicates a broadening of the conflict's impact on the Russian civilian economy.

   Why it matters

   Ukraine has shifted its drone strategy to target Russian online retailers and logistics networks. These attacks occur while Russian citizens fear the state will repurpose private savings for military spending.

   Still unconfirmed

   • Russian citizens are withdrawing billions from banks due to fears that the Kremlin may seize deposits to fund the war.
   • Ukrainian drones sparked a fire at an Ozon logistics hub.
   • Ukraine has previously targeted the online retailer Wildberries with drone attacks.

   What to watch next

   • Official confirmation of the financial scale of bank withdrawals in Russia
   • Further Ukrainian drone strikes on Russian commercial logistics hubs
   Sources used for this update (5)

   1. www.nytimes.com — The New York Times - Breaking News, US News, World News and Videos
   2. www.telegraph.co.uk — Vladimir Putin - The Telegraph
   3. www.jpost.com — World News - The Jerusalem Post
   4. jen.jiji.com — Inps, De Felice: "With the youth project, Public Administration innovates"
   5. www.independent.co.uk — Ukraine-Russia war latest: Three dead in Russian strikes on Kharkiv as Kyiv targets another online retailer
   confidence 50%
2. 27d ago

   Russians withdraw billions from banks amid Putin fears

   Russians are pulling billions from their banks due to fears that the Kremlin may seize deposits to fund the war in Ukraine. This has led to a significant outflow of funds from Russian banks. The withdrawals come as Ukraine has ramped up drone attacks on Russian targets, prompting concerns about the economic and military situation. The scale of the withdrawals suggests growing unease among Russians about the country's financial stability.

   Why it matters

   The conflict between Ukraine and Russia has been ongoing for several years, with periods of heightened tension and violence. The economic situation in Russia has been under pressure due to international sanctions and the costs of the war. The Kremlin's actions and policies have contributed to a sense of uncertainty among Russians about their financial security.

   What is confirmed

   • Russians are pulling billions from their banks due to fears that the Kremlin may seize deposits to fund the war in Ukraine.
   • The withdrawals come as Ukraine has ramped up drone attacks on Russian targets.

   Still unconfirmed

   • The Kremlin threatens UK over Kyiv's use of British drones in record attacks

   What to watch next

   • Further developments in Ukraine's drone attacks on Russian targets
   • The Kremlin's response to the bank withdrawals and economic concerns
   • Any changes in international sanctions on Russia
   Sources used for this update (5)

   1. The Independent — Ukraine-Russia war latest: Kremlin threatens UK over Kyiv’s ‘use of British drones’ in record attacks
   2. washingtonpost.com — Russians pull billions from banks, fearing Kremlin will seize deposits for war
   3. The Daily Beast — Putin Hit With Humiliating New Crisis as Russians Pull Billions From Banks
   4. The Telegraph — Russians withdraw billions from banks amid fears Putin could seize deposits
   5. AFR — Panicked Russians mount run on banks as Ukraine ramps up drone attacks
   confidence 85%