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Russians make mass cash withdrawals amid internet shutdowns and transfer controls

Russians, accustomed to living with constant unpredictability, have been stashing rubles for months in the drawers of their homes. Cash withdrawals have been so massive since the start of the year that the Bank of Russia has carried out a substantial upward revision of the financial system’s liquidity needs through the end of 2026. Internet shutdowns — and, by extension, disruptions to payment systems — ordered by the authorities for alleged “security reasons” have driven Russians to withdraw money from ATMs. Added to this, in a bid to raise revenue to fund the war against Ukraine, is a new bill that would tighten controls on cash payments to businesses.

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© ALEXEY MALGAVKO (REUTERS) (EL PAÍS)

A woman pays in cash in Tara, Russia. 

ICE expands use of iris scanners in its operations through a multi-million-dollar contract

Amid growing concerns about surveillance and privacy in the Trump administration’s immigration policy, U.S. Immigration and Customs Enforcement (ICE) is significantly expanding its biometric identification infrastructure. According to NPR, the agency entered into an agreement with BI2 Technologies—a company specializing in biometric technology—that includes the deployment of iris scanners, access to private databases, and real-time verification tools for field agents.

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© Shannon Stapleton (REUTERS)

ICE agents in Newark, New Jersey, on Wednesday.
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