(MOSCOW, RUSSIA) – The head of the Russian Central Bank, Elvira Nabiullina, has officially stated that the only remaining source to back the Russian economy is the savings and deposits of ordinary citizens, confirming the worst fears of millions of Russians who have been rushing to withdraw their funds from the banking system. Speaking in the presence of journalists, Nabiullina acknowledged that the Russian financial system now relies on household deposits as its sole genuine backing, an admission that analysts describe as an ominous signal for the stability of the Russian Federation. “Elvira said that officially in the presence of…
