The coronavirus outbreak has rocketed the Russian economy. Notably, even before the outbreak, Russia's economy was trying hard to lick wounds left by sanctions and oil market turmoil. Russians who were well aware of what was coming did not wait for a full-blown crisis and rushed to the banks. Daily spikes in withdrawals came around the time when President Vladimir Putin announced measures to curb the virus spread. Curiously enough, many Russians do not trust banks with their money in times of a crisis. This is why cash withdrawals have been going on for the fourth month in a row with Russians closing accounts, ignoring interest losses. People need their savings more than interests from the deposit. According to statistics of the Central Bank of Russia, in April, $1.1 billion rubles were issued from ATMs and banks. In March, Russians withdrew $5 billion from their accounts. Overall, the amount totaled $8.3 billion, more than was withdrawn in the whole of 2019. At the beginning of May, the total amount of foreign currency deposits was $88.2 billion. However, economists suppose that it is likely to fall drastically by the end of the month. They also note that there are many reasons for the upsurge in monthly and daily withdrawals. Many people lost their jobs or put on unpaid leave due to the coronavirus lockdown. People need money to make ends meet. In addition, some people are displeased with a new tax on interests from deposits combined with low returns. Besides, there was a piece of worrisome news in the media that banks may withdraw deposits to stay afloat. People hurried to the banks in fear of losing their last savings.