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ZLATOVNA ECONOMIC NEWS
A quick look at what's new in the world of economic policy, finance and precious metals.

Economy: Reuters: Beijing urged state refiners to consider halting exports in April. Britain to ban luxury goods exports to Russia and impose new import duties. Morawiecki: Poland proposes complete ban on trade with Russia. IMF approves $1.4 billion in emergency aid for Ukraine. Analysts: Czech National Bank will not let Czech currency weaken below CZK 26.00 per euro. Other companies, including Philip Morris and Nestle, are limiting their activities in Russia. Fitch Ratings has confirmed Slovakia's credit rating at A. Morawiecki: Poland proposes complete ban on trade with Russia. EU adds 160 more Russians to sanctions list, punishes Belarusian banks. Internet company Google has stopped selling online advertising in Russia. 150,000 Ukrainian refugees have already arrived in the Czech Republic, the government wants to allow them to work. The Czech National Bank has begun to intervene in the foreign exchange market against the weakening of the crown. After the CNB's interventions, the crown has begun to strengthen against the euro and the dollar. Japan revised its GDP growth for the 4th quarter downwards to 4.6 percent. Analysts: The Polish proposal to ban trade with Russia will have a hard time passing in the EU. Britain could change the law to make it easier to sanction Russian oligarchs. Analysts: The war in Ukraine will hit the slowly recovering Czech industry. Analysts: Inflation will rise further, it could even exceed 12 percent. Kremlin: The US is waging an economic war against Russia. IAB: The war in Ukraine could reduce Germany's GDP growth by more than half.

Stock exchanges: The wholesale price of gas for the European market fell by 70 percent in a week. Half of the world's production of neon for chip production has stopped in Ukraine. Oil and gold prices continue to rise, the world is discussing a ban on oil imports from Russia. According to officials, India is considering buying discounted Russian oil and commodities. Analyst: The Ukrainian crisis may derail Musk's dream of cheaper electric cars.

Finance: Russian banks are turning to the Chinese system due to the departure of Visa and Mastercard. Sanctions are also affecting Russian tourists who do not have enough cash on them. Russia is facing an imminent threat of being unable to repay its debts, Fitch believes. The World Bank will increase the first aid payment to Ukraine to 460 million euros. The American rating agency Fitch will suspend business activities in Russia. ECB to cut bond purchases faster due to high inflation. Expobank CZ to be owned by consortium of Signet Bank AS and US investors. World Bank approves $723m in loans and grants to Ukraine. ECB to cut bond purchases faster due to high inflation. Argentine Senate approves new IMF deal to avert country's collapse. Russia sends interest on dollar bonds as planned, awaits results. Germany's No. 1 bank faces criticism for staying in Russia. Creditors await Russia's interest on dollar bonds. Reuters: Moscow and Beijing working on how to bypass SWIFT payment system. ČSOB fined by CNB for failing to launch secure online payments on time. Russian invasion of Ukraine halts about a third of economic activity. RTR: Some creditors have received interest payments on Russia's dollar bonds. PayPal suspends services in Russia due to invasion of Ukraine. Russia's central bank imposes a cap on withdrawals from foreign currency accounts. Reuters: Russia will probably look for replacements for the SWIFT system, alternatives will be expensive.