Russians complain about lack of cash

Olga Gluschenko – 3 March 2022, 06:08 AM

The Russian media has reported that Russians are complaining about the lack of money and difficulties in withdrawing cash.

Source: RBK.ru on Telegram

Details: Customers of Russian banks are having trouble withdrawing cash. 

They are complaining about a lack of money, and delays in obtaining it, even by pre-order and commission.

Banks attribute this to the increased demand and the logistical difficulties related to Western sanctions.

Context:

• CNN journalists report that, according to their sources in US intelligence, in the last few days Russian President Putin has been in an extremely angered state due to the severe sanctions imposed by Western governments on the Russian economy.
• Mastercard has blocked bank cards issued by sanctioned Russian banks from executing transactions in any currency other than the ruble, effectively blocking them in all countries except Russia, where there is a back-up mechanism to avoid the block.
• On the evening of 1 March, Apple suspended the sale of its products in Russia and blocked Apple Pay for Russians.
• On 28 February, the European Union imposed personal sanctions on Kremlin spokesman Dmitry Peskov, Putin’s friends, the oligarchs Alisher Usmanov and Igor Sechin, and a number of other Russian businessmen and government officials.
• 32 countries around the world have banned flights of aircrafts registered in Russia or those owned by the Russian government and Russian citizens.