Russians Withdraw More Cash Amid Internet Outages

Russians withdraw more cash: what does this portend?

Consensus

Russians are withdrawing more cash from banks.
The volume of cash in circulation increased significantly in July compared to previous years.
The increase in cash usage is linked to technical disruptions in internet and power supply.
The State Duma's finance committee chair stated that the financial system is not under threat.
There has been no fundamental change in citizens' strategic preferences regarding payment methods.

Points of divergence

Experts believe the growing cash turnover could be a worrying symptom. — tg_bbcrussian
The State Duma's finance committee chair said there is no reason to worry about a mass shift to cash, as the situation is temporary and due to external factors. — fontanka

Coverage (3 sources)

Russians withdraw more cash: what does this portend? | Podcast 'What Was That?' on YouTube — BBC News Русская служба
Russians withdraw more cash, show calculations from Russian Service of BBC based on Central Bank data. Expert... — BBC News Русская служба
In the State Duma, they explained why Russians are increasingly using cash — Фонтанка

Key entities

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