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Governor of the Central Bank of Russia Elvira Nabiullina said in December 2024 that Russian deposits will be "temporarily" frozen from March of 2025. She told Russians not to panic:

"Still, we will most likely have to resort to the unpopular step of temporary freezing of household deposits starting from March of this year. This does not carry any risks for depositors. There is no need to panic and hurry to take money out of banks.
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