Putin Calls Rumors of Russian Bank Deposit Freeze 'Stupid Fakes'

Russian President Vladimir Putin dismissed rumors about a possible freeze on citizens' bank deposits, describing them as rather stupid fakes during a plenary session at the Eastern Economic Forum on September 3. He stated that there are no grounds for such concerns and recalled the events of 2022 when citizens rushed to withdraw funds amid anxious sentiments. The financial system handled the situation without closing cash desks, allowing all requested amounts to be disbursed calmly. Putin emphasized that Russians continue to keep money in the financial system and are increasingly directing it to the stock market. According to the Central Bank of Russia, net inflows to private investors' brokerage accounts in the second quarter of 2026 exceeded 1 trillion rubles, marking a 19% increase from the previous quarter and a record since observations began in 2021.

AntiMalwareTranslated from Russian

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President of Russia Vladimir Putin described rumors about a possible freeze on bank deposits of Russian citizens as rather stupid fakes. He made this statement on September 3 during the plenary session of the Eastern Economic Forum.

According to the head of state, there are no grounds for such fears. As an example, Putin recalled 2022, when amid anxious sentiments citizens massively went to banks to withdraw money. The financial system did not close the cash desks at that time: depositors calmly received all requested funds.

"These are just some fakes, by the way — rather stupid ones," the president stressed.

Against this background, Russians not only continue to keep money in the financial system but are also more actively bringing it to the stock market. According to the Central Bank of Russia, the net inflow of funds to brokerage accounts of private investors in the second quarter of 2026 exceeded 1 trillion rubles. This is 19% more than the result of the previous quarter and a record since the beginning of observations in 2021.

Thus, rumors about an imminent blocking of savings so far look exactly like an attempt to shake depositors well, but without facts and brakes.

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