Russian Banking System on the Brink of Collapse

“Vladimir Putin has signed a decree banning Russians from leaving the country with more than $10,000 in foreign currency as fears grow that the Russian financial system is on the brink of collapse,’ the Telegraph reports.

“Experts have warned that banks will struggle to sell assets to stay afloat after sanctions sent markets into freefall this week. The chaos comes after Russia’s central bank was blocked from accessing large chunks of its foreign reserves.”