Expert warns of risk of freezing Russians' money in bank accounts

05.11.2024 18:56

Expert Alexey Zubets stated that Russians' money in bank accounts could be frozen.

Freezing bank accounts is possible to avoid severe inflation.

Tens of trillions of rubles have accumulated in the accounts of Russians, as reported on the air of the radio station “Moscow Speaks” .

Director of the Institute of Social and Economic Research Alexey Zubets emphasized that Russians’ money in bank accounts could be frozen.

If interest rates on deposits are reduced, people will withdraw their money, he added.

money
Photo: © TUT NEWS

Zubets warned that the one-time withdrawal of money from bank deposits would lead to wild inflation in the market.

One solution to prevent this from happening is to limit the amount of money you can withdraw from your accounts.

This scenario is possible in order not to provoke a flood of money in the market.

Elena Gutyro Author: Elena Gutyro Editor of Internet resources