Banks and Cigarette Products

There is a rumor floating around that the Russian government is going to freeze the savings of regular Russians because they are running out of money. First, the denial, because in Russia, denials usually precede taking the action they are denying:

VTB CEO Calls Rumors of Freezing Bank Deposits “Absurd”

The scenario of freezing bank deposits of Russian citizens is an absurd idea that has been “chewed over” for several months, said the head of the state bank VTB Kostin. According to him, the freeze does not make economic sense.

“This has been going on for a long time, the news has been chewed over for several months. This is typical of people. You know, logic — I once asked: “You see, this is an absurd idea?” — They told me: “That’s why it can appear in Russia.” If according to this logic, then of course it is possible,” Kostin said on the sidelines of the Russian-Vietnamese high-level business dialogue in Hanoi.

According to the head of VTB, freezing bank deposits will be an “extremely unpopular” measure for Russians. He emphasized that he sees no reason to implement this option and has not heard “this idea even from people capable of developing ideas.”

So why would Russia even consider doing this? Well, she is starting to run out of money. One of the deep indicators of this is the National…