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69 new news items in the last 24 hours
  1. Home
  2. International

Banks in Russia have started to block large cash withdrawals from ATMs

Adrian Rusu
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1 January 2026, 13:29
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International
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Russian banks have implemented temporary measures to limit large cash withdrawals from ATMs, according to the RIA Novosti agency. When clients attempt to withdraw considerable amounts, the operation is automatically blocked, and the bank contacts them to confirm the withdrawal intention. After confirmation, the client can resume the operation after approximately five minutes. This measure is part of a broader trend of control over financial operations, and the Central Bank of Russia has announced that it will include large transfers between its own accounts in the list of fraud indicators, starting from January 1, 2026.

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Băncile din Rusia restricționează retragerile mari de numerar la bancomate

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NEWS ON THE SAME TOPICS

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Russians are returning to cash payments due to economic difficulties and frequent mobile internet outages.
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Russians withdrew nearly 3.4 billion dollars from banks in August, amid fears that they could be blocked and used to finance the war.
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The Washington Post: Russians withdraw billions from banks, fearing that Putin will confiscate their deposits to finance his war
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Russian oligarchs are also repatriating their assets abroad, especially in Dubai and other markets, due to the increase in asset seizures.
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The head of Russia’s largest bank, German Gref, warns that inflation in Russia is accelerating: “We are beginning to observe certain trends”
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