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A study has, found that 70 percent of the adult population in Russia has not banked since the 1998 financial crisis. A lack of trust in banks is seen as one of the Russian economy's biggest problems.

Nearly half of people with monthly incomes above 5,000 rubles ($172) said hard currency would be their preferred investment, while 34 percent would buy real estate and 22 percent would open an account with a foreign bank (VTsIOM's findings)

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