Official: Russians’ cash demand spikes by 30% on June 24

MOSCOW, Jun 26 (PRIME) -- Russians' demand for cash grew by 30% on average in 15 regions and 70–80% in the southern regions on June 24, but an emergency was avoided and the situation has stabilised, First Deputy Prime Minister Andrei Belousov said on Monday at a meeting with Prime Minister Mikhail Mishustin.

"I will start with the situation at banks, demand for national and foreign currency cash. Higher demand was registered in about 15 regions of the country, it stood at about 30% on average, but cash demand grew most actively in the southern regions: the Voronezh, Rostov and Lipetsk regions and large cities, demand there soared by about 70–80%," Belousov said.

He said that the central bank boosted banks' cash reserves. "Demand started declining already on Sunday, and the situation has now fully stabilized," Belousov said.

Deputy Prime Minister Alexander Novak said that demand for fuel at the fuel stations increased on the south, mostly, in the Rostov Region, but was satisfied fully. The prices are stable, and the reserves are sufficient for more than 15 days, which is in line with the average multiannual figure, he said.

Industry and Trade Minister Denis Manturov said that industrial and retail companies worked as usual.

Deputy Prime Minister Dmitry Chernyshenko said that there was no steep price growth for charter flights and hotel bookings in the period.

Private military company Wagner took over the headquarters of the Southern Military District on June 24. A criminal case over mutiny was initiated.

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