In response to ongoing economic challenges, including mobile internet shutdowns and increased tax evasion among businesses, many Russians are turning to cash transactions. This trend has emerged following more than four years of conflict with Ukraine.
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Russians Increasingly Use Cash Amid Economic Challenges
Russians are increasingly relying on cash transactions due to mobile internet shutdowns and a rise in tax evasion among businesses. This shift is occurring in the context of a struggling economy impacted by the prolonged conflict with Ukraine.
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Russians turn to cash, putting more strain on slowing wartime economy
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Russians Increasingly Use Cash Amid Economic Challenges