"If the war continues, the economists will be powerless." The accumulations of Russians are melting
In September, 20% of Russians announced a decrease in cash savings with the outbreak of war in Ukraine and the introduction of Western sanctions. This is evidenced by the data of the VTsIOM survey. As stated in the study, 34% of respondents stated that they had no savings before the start of Ukrainian events. According to economists, the trend for reducing cash savings is associated with the general decline of the Russian economy, which will continue in the future.