The Moscow bank run: a queue for a Tinkoff ATM in the Liga shopping center in Khimki. There are about 70 people in line. Eyewitnesses say the money in the ATM runs out within 40 minutes. @bazabazon pic.twitter.com/MTMkEiCRHJ
— Jason Corcoran (@jason_corcoran) February 27, 2022
- Bank Runs Underway In Russia As US & EU Agree To Cut Off Country From SWIFT System
* Vladimir Putin stressed last month that financial sanctions imposed on Russia would effectively be an “act of war.”
Footage from Russia shows long lines forming at banks and ATMs amid reports that the U.S. and EU have agreed impose “restrictive measures” on Russian banks following Vladimir Putin’s invasion of Ukraine.
Several video clips from Moscow and elsewhere in Russia show panicked citizens making a run on banks and ATMs to withdraw their cash ahead of these unprecedented international financial sanctions.
In coordination with 🇺🇸🇫🇷🇩🇪🇮🇹🇨🇦🇬🇧 I will now propose new measures to EU leaders to strengthen our response to Russia’s invasion of Ukraine and cripple Putin’s ability to finance his war machine. https://t.co/iU2waDzo9s
— Ursula von der Leyen (@vonderleyen) February 26, 2022