
Russia Faces Slow-Motion Bank Run Amid War Funding Scramble
Russia's financial sector is experiencing a slow-motion bank run, leading to a severe liquidity crunch as the Kremlin struggles to fund its war efforts and potentially considers seizing military recruits.
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Russia is suffering from a slow-motion bank run as the Kremlin scavenges for war funding—and it may start seizing recruits for the military too
Read full article →Russia is suffering from a slow-motion bank run as the Kremlin scavenges for war funding—and it may start seizing recruits for the military too
The financial sector's loss of deposits has created a liquidity crunch so severe that it's threatening Russia's ability to fund its war.
By Jason Ma
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