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Russians turn to cash, putting more strain on slowing wartime economy

BBC News·July 18, 2026
Russians turn to cash, putting more strain on slowing wartime economy

Russians are increasingly relying on cash transactions due to mobile internet shutdowns, which are further straining the country's wartime economy. The shutdowns, combined with a slowing economy, are causing difficulties for businesses and individuals alike. Many businesses are also seeking to evade taxes, adding to the economic strain. As a result, Russia's economy is facing significant challenges after more than four years of conflict with Ukraine.

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