More than 45 trillion won has reportedly been withdrawn from banks in Russia this year.

According to an analysis of Russian central bank data by The Washington Post, the amount withdrawn from Russian banks over a two-week period from the 1st to the 14th of this month reached 286.4 billion rubles, or approximately 4.8 trillion won.

About 6.4 trillion won was withdrawn in June, and over 10 trillion won in July.

As net cash outflows have continued without a single month of exception this year, the cumulative figure has ballooned to 2.5 trillion rubles, or roughly 45 trillion won.

This surpasses in a mere seven months the amount withdrawn during the one-year period starting in February 2022, immediately following the invasion of Ukraine.

Even though Sberbank, Russia's largest bank, is offering a 10 percent annual interest rate on one-year time deposits, the capital flight has not stopped.

One of the direct catalysts is drone attacks from Ukraine.

As Russian authorities repeatedly shut down mobile networks in major cities to jam drone communications and navigation, card terminals and online payments malfunctioned, leading citizens to start withdrawing cash in advance to prepare for emergencies.

Anxiety is also growing that the Russian government might dip into private individual deposits to secure funds for the war.

Last month, the leader of the Communist Party of Russia fueled these concerns by arguing that private funds in banks should be utilized to finance the war.

A former adviser to the Russian central bank pointed out that while the possibility of the government actually nationalizing deposits is low, the possibility of it restricting withdrawal limits cannot be ruled out.

With money flowing out of banks, warning lights have also turned on for the Russian government's financing.

Last month, the Russian Ministry of Finance indefinitely suspended weekly treasury bond auctions.

Banks have been major investors that purchased Russian government bonds using customer deposits, and analysts note that as deposit withdrawals increase, their capacity to buy government bonds is also diminishing.

On top of this, Russia's federal fiscal deficit from January to July of this year exceeded 107 trillion won, already far surpassing the annual target.

(Reported by Kim Minjeong | Video by Na Hong-hee | Graphics by Yook Do-hyun | Produced by SBS Digital News)