Wagner insurrection caused spike in cash demand across Russia ...News

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Fifteen regions saw a dramatic surge in deposit withdrawals, the deputy prime minister has said Demand for hard currency surged on Saturday in 15 Russian regions during the short-lived rebellion by the Wagner private military company.    Cash demand jumped by 30% across Russia and by up to 80% in the southern regions of Voronezh, Lipetsk and Rostov-on-Don, First Deputy Prime Minister Andrey Belousov revealed on Monday.    Belousov said the central bank had averted any significant problems by “infusing” regional banks with a threefold cash injection, and offered reassurances that the situation had returned to norma

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