Alarm for Russian banking sector as cash withdrawals spike Russia’s share of cashless payments in retail turnover fell by 3 percentage points to 71.1% in January 2026, while cash withdrawals reached RUB1.6 trillion ($17.4bn), the highest since the 2022 full-scale military invasion of Ukraine.

Russia’s share of cashless payments in retail turnover fell by 3 percentage points to 71.1% in January 2026, while cash withdrawals reached RUB1.6 trillion ($17.4bn), the highest since the 2022 full-scale military… Bne IntelliNews #Russia #Banking #CashWithdrawals #CashlessPayments #EconomicImpact