In Russia, began mass non-payment of salaries to state employees

Salary arrears due to late receipt of funds from the budgets of all levels jumped by 1400%. As of March 1, the total amount of salary debts to state employees reached 152 million rubles, although in January it was 10 million rubles, and at the end of December the debt was zero.

Crypto exchange Binance closed for Russians, as well as for all people living in Russia, the purchase and sale of dollars and euros through its P2P service. The decision was made per the tenth package of EU sanctions against Russia.

It appears that Binance has suspended its peer-to-peer (P2P) trading services in Russia. According to reports, Binance has cited “instability” in the Russian ruble as the reason for the suspension. This means that users in Russia are currently unable to buy or sell dollars and euros using the P2P service on Binance. It is unclear if or when the service will resume in Russia.

Russians are beginning to save more and more on purchases. So electronics sales fell by 32-40% in money and by 11-12% in pieces at the beginning of 2023.