Internet Blackouts and the Shift to Cash

Internet shutdowns have expanded across various regions in Russia, extending well beyond areas near the Ukrainian border. These outages are attributed to a series of drone attacks that have disrupted communication networks. The central bank has noted that this trend is leading to a noticeable shift from digital to cash transactions.

Businesses and citizens are increasingly relying on cash due to the instability in internet connectivity. While the government has not officially commented on the extent of the disruptions, economic analysts indicate that this transition could have long-term implications for financial services and consumer behavior. The central bank’s acknowledgment of this change underscores the growing concern over the impact of cyber and physical threats on the economy.

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