Free Republic

People in Moscow and other Russian cities stormed ATMs and bank branches in search of cash, both in roubles and dollars, as they feared a collapse of the national currency and inability to use international payment systems. Queues of people seeking to withdraw foreign currencies started to form as early as Thursday morning, after the decision by Russia’s president Vladimir Putin to start a full-scale invasion of Ukraine, sending the rouble to its historic lows. A Financial Times reporter could witness that some branches of international banks ran out of US dollars by midday that day. -snip- “I withdrew money...