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ECONOMY

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

Russia's Central Bank is implementing new ATM withdrawal limits starting September 1st, 2025. This follows months of widespread disruptions to mobile services and internet access, impacting ATMs and online banking. These disruptions are linked to counter-drone measures amid successful Ukrainian military operations. High cash circulation and a worsening fuel crisis, with reduced oil production and long gas station lines, are contributing factors. Russia's budget deficit is also at a record high, exceeding 4 trillion rubles, and tax increases are anticipated.

Prepared by Christopher Adams and reviewed by editorial team.

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