Pressure on Russia's economy intensifies as full-scale invasion of Ukraine continues

By&nbspEuronews

Published on 22/08/2025 - 13:01 GMT+2

Russia's financial regulator has published an bid defining 9 criteria by which banks whitethorn present a impermanent limit connected rate withdrawals from ATMs.

The connection connected nan website of nan Central Bank of Russia says that from 1 September 2025, banks that person issued a costs paper to a customer are obliged, erstwhile disbursing rate done ATMs, to cheque whether a personification is not nether nan power of fraudsters, arsenic good arsenic whether nan cognition is being carried retired by nan relationship holder.

It is noteworthy that nan cardinal bank's bid appeared against nan backdrop of problems pinch ATMs, online services and accelerated costs strategy owed to disruptions pinch mobile connection and net successful each regions of nan country, which person been happening regularly for respective months and are accompanied by problems pinch sound connection and navigation.

Authorities explicate nan outages pinch measures to protect against mobile internet-controlled drones astatine a clip erstwhile nan Ukrainian subject (AFU) is conducting much and much successful operations connected Russian territory, targeting nan country's subject industry.

According to charismatic statistic successful July, nan measurement of rate successful circulation successful Russia approached a historical precocious of 16 trillion rubles (€170 billion). According to observers, this indicates nan desire of Russian residents to hole for further imaginable problems.

At nan aforesaid time, a substance situation is intensifying successful Russia and nan regions of Ukraine that it has seized amid rising petrol prices. According to nan latest reports, astatine slightest 3 refineries person wholly halted operations. According to various estimates, successful attacks by nan AFU person reduced accumulation by 10-15%

According to nan Russian-language "Vot Tak" of nan Centre for International Broadcasting TVP (Polish Public Television), problems pinch entree to petrol person been observed successful respective regions successful Russia.

In immoderate areas location are immense queues astatine petrol stations and a strategy of coupons has been introduced recently. There are besides reports successful nan Russian media that petrol is progressively being sold only to organisations and businesses.

In an question and reply pinch nan Kremlin-controlled Rossiyskaya Gazeta newspaper connected Thursday, Andrei Gangan, head of nan monetary argumentation section of nan Bank of Russia, said that "the little lipid value was taken into relationship by nan Finance Ministry erstwhile it revised its forecasts successful nan spring, and now nan fund includes a blimpish value of $56 per barrel."

At nan aforesaid time, he besides admitted that nan Russian system "has utilised almost each disposable accumulation capacities, logistics and infrastructure, and astir importantly, almost each quality resources - now it is difficult to find caller employees."

According to Gangan, "we request a respite and caller approaches to expanding labour productivity."

In 2025, Russia's fund shortage reached 4.9 trillion rubles (€42 billion), a grounds high. Spending connected nan warfare already accounts for much than 40% of nan fund and Russian President Vladimir Putin has said that if nan fighting stops, nan system could shrink successful 2027.

Russian authorities sources told nan Reuters news agency that taxation increases are inevitable: "Otherwise we simply won't beryllium capable to make ends meet, moreover pinch cuts successful defence spending. Oil and state revenues are falling and nan system cannot afloat compensate."