Russians began converting savings from bank accounts to cash…

Russians began converting savings from bank accounts to cash following card blockades and tax hikes. Russians are increasingly abandoning bank accounts in favor of cash for storing savings.

Coverage (13 sources)

Expert: youth usually does not diversify savings — Вести
Accumulation account became the main savings tool for many Russians. According to VTB estimates, the volume of funds on such accounts reached 10.8 trillion rubles for 9 months, providing more than 90% growth in bank savings. — Первый Московский
Russian savings in banks exceeded 67 trillion rubles — Фонтанка
Economist explains why Russians want to keep cash — Вести
Keep cash at home or in a deposit: math of losses and myths about deposit taxes — Вечерняя Москва
Russians began monthly withdrawing billions of rubles from their accounts. Why people started more often transferring money to cash... — Важные истории
Russians began converting savings from bank accounts to cash after card blocks and tax hikes — The Moscow Times
Russians mass-cash withdrawals to avoid keeping money in bank — Новости Москвы
Media: Russians are increasingly preferring cash for savings storage — Вечерняя Москва
Russians are increasingly choosing cash as a method of storing money. — РИА Новости (Telegram)
Russians are increasingly choosing cash for savings storage, report "Izvestia" citing "infom" poll commissioned by Central Bank... — ТАСС (Telegram)
The number of Russians preferring cash savings has risen to 38% — Ведомости
Russian citizens are increasingly keeping money in cash — Вести

Key entities

More on Mikhail Belyaev