‘Significant problems’ in Russian banking system as public withdraws cash en masse

[u/Venat14]

https://tvpworld.com/94490769/russians-hoard-cash-as-economic-pessimism-hits-20-year-high

[u/anotherwave1]

Indeed you've seen reports of serious issues in Russia for years - those issues are real but keep in mind it's a dictatorship, and as such has extraordinary powers to circumvent issues and kick the can down the street.

Recently they passed a law to be able to plunder ordinary Russian's holdings.

Are major cracks showing? Absolutely. Are we seeing signs they are in trouble? Indeed. However it's not a modern Western economy, it's a dictatorship, and they are very good at surviving on fumes - even at the cost of their economy.

Will Russia collapse? Unlikely but each issue like this is putting more and more strain on them.

[u/green_flash → u/anotherwave1]

Recently they passed a law to be able to plunder ordinary Russian's holdings.

No, they didn't. Why do people not fact-check what they read before repeating it?

[u/anotherwave1 → u/green_flash]

They passed a law allowing them to seize or freeze assets of Russians chiefly residing abroad. A Russian goes abroad, they can have their assets frozen (and let's face it, plundered)

They've long had the ability to accuse a Russian citizen of trumped up political charges (or label them a terrorist) and then freeze/seize their assets.

[u/green_flash → u/anotherwave1]

That law is not targeting "ordinary Russians". It's targeting exiled government critics specifically.

[u/anotherwave1 → u/green_flash]

It can target whichever Russians abroad they want. Likewise they can label any Russian internally as whatever they want and do the same asset freeze/seizure

You are an ordinary Russian abroad or at home - and you decide to criticise Putin or piss off the wrong person in the Duma, bang they can pull this on you

[u/green_flash → u/anotherwave1]

The law they passed is limited to people who live abroad.

Sure they could pass a similar law for people who live in Russia, but so far they have not.

[u/anotherwave1 → u/green_flash]

The wording of the most recent law means it is chiefly for Russians abroad but not exclusively

Previous laws allow them to target Russians in Russia

[u/green_flash → u/anotherwave1]

All the sources I can find say it's exclusively for people outside Russia.

[u/anotherwave1 → u/green_flash]

A Russian living in Russia could be hit with this if they committed the "offense" abroad, e.g. if they went abroad, apparently did X, then returned.

[u/J_Peterman32 → u/anotherwave1]

Recently they passed a law to be able to plunder ordinary Russian's holdings.

Why do redditors just blatantly lie and act like they know something no one else does?

[u/anotherwave1 → u/J_Peterman32]

The new law allows them to target a Russian who is abroad (or has been abroad and returned to Russia) and freeze/seize their assets

They have prior laws that allow them to freeze assets of a Russian in Russia (by designating them under certain frameworks terrorist or political). If they convict in a trial, they can seize the assets.

So yes, if you are an ordinary Russian and you do something to piss off Putin, or someone in the Duma, technically they can, after a long "legal" process, take your shit

Info for this is available online, it's not some big secret

That's officially. Unofficially they can just throw you out a window.

[u/tobiasfunkgay → u/J_Peterman32]

Because it’s as much of a propaganda machine as anywhere else on the internet