"This Channel Will Be Blocked"
2- 17.08.2026, 9:38
- 3,144
Ukrainian intelligence has reported on an important signal coming from the Russian economy.
Russians have sharply increased fund transfers to foreign brokerage accounts, in an attempt to move capital out of the country before it becomes impossible.
This was reported by reported by the Foreign Intelligence Service of Ukraine.
“From December 2024 through June (2026—ed.), households transferred nearly 600 billion rubles to non-resident brokers—more than in the previous seven years combined. In April–June alone, monthly transfers reached 42–45 billion rubles (over $500 million),” the statement reads.
It is noted that approximately 40% of these transfers represent actual capital outflows from the country.
“Within this share, three-quarters are accounted for by so-called solutions for the temporary placement of funds, where a brokerage account replaces a foreign currency bank account, and one-quarter is related to preparations for a possible move,” the SVR stated.
The agency reported that this trend is driven by sanctions and Western banks’ increasingly strict stance toward Russian funds, especially after the EU added Russia to its blacklist of countries that are not effectively combating money laundering late last year.
It is noted that, at the same time, Russians have resumed buying foreign currency in large quantities.
“In June, net foreign currency purchases by the public reached 54.9 billion rubles; in May, 52.2 billion rubles; and in April, 51.8 billion rubles; for a total of nearly 159 billion rubles over three months, which is a record since the first months of the full-scale invasion of Ukraine,” the SVRU stated.
The agency reported that citizens withdrew part of these rubles from their bank accounts: from January through July, approximately 2 trillion rubles flowed out of the banking system into the cash market, and 620 billion rubles in July alone.
It is noted that anxiety among Russians is growing amid expectations that, following the State Duma elections, the Kremlin may tighten internal controls—potentially even to the point of imposing martial law or a new mobilization.
“For now, banks are bringing in foreign currency via third countries, despite sanctions on direct deliveries of dollars and euros, but if the U.S. Congress passes a law on ‘hellish sanctions’ against Russia, this channel will be cut off,” intelligence sources reported.