Sberbank, Russia’s largest bank, has decided to withdraw from the European market amid Russia’s military operation in Ukraine. “In the current environment, Sberbank has decided to withdraw from the European market. The group’s subsidiary banks are facing abnormal cash outflows and a threat to the safety of employees and branches,” the bank said in a […]

Russian companies involved in the oil and oil products business are transferring their accounts from Russian banks hit by U.S. and EU sanctions to other financial institutions, including Rosbank, Unicredit and Raiffeisenbank, five Reuters sources familiar with the situation said. The U.S. has imposed sanctions on five key Russian banks, including major state banks VTB […]

The Central Bank has reduced the commission for buying currency from brokers for individuals, and Google has suspended advertising sales in Russia due to the requirements of Roskomnadzor – these and other important news for Friday morning, March 4, in our daily review. The Bank of Russia has announced a change in the commission for […]

Concerns about inflation returned to the stock market on Thursday as investors assessed rising prices for fuel and other commodities amid the escalating crisis in Ukraine. Russia continues to step up its special operation in Ukraine, and the U.S. has added more Russian oligarchs and officials to its sanctions list, threatening to confiscate luxury yachts […]

“Yandex” has published a message to shareholders about the consequences of the restrictions imposed after the start of the Russian special operation in Ukraine. In it, the company warns that bondholders who suspended trading in the company’s securities on Nasdaq for more than five trading days have the right to demand repayment of the bonds […]

A fire broke out at Europe’s largest nuclear power plant, but there were no reports of radiation leaks. The euro and European stock market fell on the prospect that existing sanctions loopholes will be closed to strangle Russian commodity exports. Commodity prices, meanwhile, are on track for their biggest weekly rise since the 1960s along […]

Russia has every right to make a “mirror” decision and put an embargo on gas pumping through the Nord Stream 1 gas pipeline, which is currently loaded at the maximum level, but so far we have not made this decision, Russian Deputy Prime Minister Alexander Novak said. “Europe today consumes about 500 billion cubic meters […]

The U.S. aircraft concern Boeing has stopped purchasing Russian titanium. “Titanium reserves and a network of alternative suppliers allow Boeing to ensure uninterrupted production of civil aircraft,” the company’s press service said (quoted by TASS). A Boeing spokesman noted in a commentary to The Wall Street Journal that the company gets about one-third of its […]

VTB records a record growth in demand for digital cards “Mir”. Over the past day VTB customers opened 27 thousand cards of the National Payment System in “digital”, while on March 5 this figure amounted to 3.5 thousand, the bank said in a statement. The decision of foreign payment systems to stop working in Russia […]

Ukrainian President Volodymyr Zelensky has agreed to hold a dialogue with Russia on the recognition of Crimea, DNR and LNR. This is reported by RIA Novosti. “I am talking about security guarantees. I think that the points on temporarily occupied territories and unrecognized republics, which are not recognized by anyone but Russia, we can discuss […]

U.S. President Joe Biden will announce new anti-Russian sanctions on Tuesday, March 8, because of the events in Ukraine. “The President will announce actions to continue to hold Russia accountable for its unprovoked and undeclared war against Ukraine,” the U.S. president’s updated work schedule said. Biden is scheduled to speak at 18:45 Moscow time. A […]

Russia has become the world leader in terms of the number of sanctions imposed on it by other countries. This is stated in the data of the global database for tracking sanctions restrictions Castellum.ai. Until February 22, Russia was in second place after Iran. At that time, 3,616 restrictions were imposed against Tehran and 2,754 […]

British-Dutch Shell will close its gas stations in Russia, as well as abandon Russian oil and gas projects, Bloomberg writes. We will immediately stop buying Russian crude oil on the spot market and will not extend forward contracts. At the same time, in close consultation with governments, we will change our crude supply chain to […]

The dollar rose in value to 130 rubles in international trading, Coca-Cola will suspend business in Russia, PepsiCo will refuse drinks and advertising – these and other important news for Wednesday morning, March 9, in our daily review. U.S. businesses have been asking U.S. President Joe Biden since early March not to ban uranium imports […]

U.S. indexes jumped up and down in a volatile session after U.S. President Joe Biden announced he would ban oil and energy imports from Russia. Britain also said it would stop importing Russian oil and other energy products by the end of the year, Reuters reported. Oil prices have soared above $130 a barrel for […]

Fitch Group has decided to immediately suspend its commercial activities in Russia, according to a press release from the group. The group’s operations cover credit ratings and other services provided in Russia through Fitch Ratings and Fitch Solutions divisions. The group will continue to provide the market with analytical reports prepared outside the country. Fitch […]

The euro exchange rate in the course of trading on the Moscow Exchange on Wednesday morning updated the historical maximum and hit a new upper limit set by the exchange – 127.425 rubles; the dollar was trading near the mark of 117.355 rubles. The US dollar exchange rate amounted to 117.355 rubles at 12:05 Moscow […]