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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: Bloomberg: The richest Russians have already lost $83 billion this year. Bitcoin has strengthened by about 13 percent since the Russian invasion of Ukraine. French TotalEnergies will no longer invest in Russia, but it will not leave the country. Czech entrepreneurs and companies are also offering financial assistance due to the situation in Ukraine. The number of counterfeit banknotes and coins seized in the Czech Republic increased significantly last year to 6,836. French TotalEnergies will no longer invest in Russia, but it will not leave the country. According to Orbán, Hungary will not veto EU sanctions against Russia, unity is key. CNB: The direct impact of the conflict in Ukraine on Czech economic growth will be limited. CNB has initiated the process to revoke the banking license of Sberbank CZ. Analysts: Sanctions will hit Russia hard, but will not destabilize the Czech banking sector. Britain could change the law to make it easier to sanction Russian oligarchs. Australia, New Zealand and Japan are introducing new sanctions against Russia. Stock markets continue to lose, oil and other commodity prices are rising sharply. The crown began to strengthen against the euro and dollar after the CNB's interventions. The Chinese are buying Russian chocolate as a sign of support for Russia in the conflict with Ukraine. Britain announced the largest sanctions package to date in response to the Russian attack. Czech household debts to banks rose to CZK 2.060 trillion in January. Analysts: The CNB will not let the Czech currency weaken below CZK 26.00 per euro.

Stock exchanges: The price of Brent oil exceeded $100 per barrel due to the Russian attack on Ukraine. Analysts: Gold and silver rose by five percent, oil and gas by tens of percent.. The price of nickel rose to a record high due to concerns about disruptions in supplies from Russia. Palladium, gold and other precious metals are rising in price in response to anti-Russian sanctions.

Finance: The Russian Central Bank is introducing a ceiling for withdrawals from foreign exchange accounts. Germany has not yet supported Russia's exclusion from SWIFT, the reason may be gas. Analysts: Czech bank share prices are falling due to anti-Russian sanctions. Visa and Mastercard are ending operations in Russia. Russian banks are turning to the Chinese system due to the departure of Visa and Mastercard. Česká spořitelna's net profit rose by 41.7 percent last year to 14.2 billion crowns. According to experts, Sberbank CZ clients should open an account at another bank. Reuters: Russia will probably look for replacements for the SWIFT system, alternatives will be expensive. The EU has agreed to cut off seven Russian banks from SWIFT, Sberbank has saved money. A woman in Vyškov found 15,000 CZK forgotten in an ATM, this is not an isolated incident. 150 demonstrators in front of the German embassy demanded that Russia be cut off from SWIFT. Russian banks are turning to the Chinese system due to the departure of Visa and Mastercard. The ruble is at a record low, Russia prohibits payments to foreign investors. The Russian central bank and the fund may have Chinese bonds worth up to 140 billion USD. Washington is considering sanctions against the Russian central bank due to the invasion of Ukraine. Reuters: Regulators are preparing to close the European division of the Russian bank VTB. Fortune: How rich is Putin and why has he not yet been the target of Western sanctions? The World Bank and the IMF plan to provide Ukraine with three billion dollars. US to boost military contingent in Lithuania by 400 more troops. Sberbank branches to remain closed on Monday, card transactions suspended. World Bank to increase first aid disbursement to Ukraine to €460m. Rating agencies downgrade Ukraine and Russia's credit ratings. Moscow Stock Exchange to postpone start of trading.