
Russians turn to cash, putting more strain on slowing wartime economy
- Russians are hoarding cash amid drone-strike internet blackouts and tax rises
- Cash in circulation up 1.56tn roubles this year, a wartime high
- Trend hampers Kremlin tax collection as growth forecast falls to 0.4%
Russians are increasingly relying on cash rather than card payments, as mobile internet blackouts caused by Ukrainian drone strikes disrupt digital transactions and rising taxes push more businesses towards off-the-books dealing. This matters because it is squeezing the Kremlin's ability to raise revenue through taxation just as Russia's…








