Russian economy struggles with cash reliance and tax evasion during Ukraine war
Russia's prolonged war with Ukraine is forcing its economy to operate increasingly on cash as citizens and businesses face mobile internet shutdowns and seek to evade taxation. This shift away from digital transactions is further straining an already slowing wartime economy. The combination of infrastructure disruptions and tax avoidance is undermining Russia's economic stability after over four years of conflict.
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Russians turn to cash, putting more strain on slowing wartime economy
Russia's prolonged war with Ukraine is forcing its economy to operate increasingly on cash as citizens and businesses face mobile internet shutdowns and seek to evade taxation. This shift away from digital transactions is further straining an already slowing wartime economy. The combination of infrastructure disruptions and tax avoidance is undermining Russia's economic stability after over four years of conflict.
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