Story perspectives

Cash Surge Amid Internet Outages Sparks Tax Evasion Concerns

11/25/2025

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Summary

Story summary

The Central Bank of the Russian Federation (Bank of Russia) reports a 1.1 trillion rubles rise in cash circulation, linked to internet outages and scrutiny from banks and tax authorities.
Daily internet shutdowns affect over 50 regions, with Ulyanovsk cutting mobile internet.
Analysts warn the cash shift could hinder financial oversight and promote tax evasion.
Despite this, cashless payments still account for 87% of transactions, aided by digitalization and incentives.

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Story summary

The Central Bank of the Russian Federation (Bank of Russia) reports a 1.1 trillion rubles rise in cash circulation, linked to internet outages and scrutiny from banks and tax authorities.
Daily internet shutdowns affect over 50 regions, with Ulyanovsk cutting mobile internet.
Analysts warn the cash shift could hinder financial oversight and promote tax evasion.
Despite this, cashless payments still account for 87% of transactions, aided by digitalization and incentives.