Russia's Central Bank Injects 2.1 Trillion Rubles Into Banks as Cash Withdrawals Top 2.4 Trillion
Updated
Updated · Kyiv Post · Jul 24
Russia's Central Bank Injects 2.1 Trillion Rubles Into Banks as Cash Withdrawals Top 2.4 Trillion
1 articles · Updated · Kyiv Post · Jul 24
Summary
2.099 trillion rubles in central bank repo funding flowed to Russian lenders in the first three weeks of July, lifting banks’ total debt to the regulator to 6.243 trillion rubles—nearly double end-2025 levels.
513 billion rubles in cash entered circulation in the first half of July after a 479 billion-ruble rise in June, extending the increase since early February to more than 2.4 trillion rubles.
Ukrainian drone attacks have repeatedly triggered mobile internet shutdowns across Russia, disrupting card payments, while inflation, higher taxes and tighter transaction oversight have pushed more Russians to hold cash.
60% of Russians said local economic conditions were worsening and 56% said living standards were declining in a recent Gallup survey, underscoring the pessimism feeding withdrawals from banks.
Borrowing costs in the interbank market remain above the key rate despite the injections, and troubled loans have exceeded 10%—a level IMF methodology flags as signaling significant banking-system problems.