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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: The Czech National Bank has begun to intervene in the foreign exchange market against the weakening of the crown. Exporters: Disconnecting only some of Russia's banks from SWIFT is a move like a smart woman. Biden announced sanctions against the company that built Nord Stream 2. The Russian attack on Ukraine has increased the price of oil and gas, and will probably hit the European economy. Analysts: Sanctions will hit Russia hard, but it will not destabilize the banking sector in the Czech Republic. Ukraine imposes a state of emergency, the West sanctions; Russia withdraws diplomats. The closure of airspace is another blow to global supply chains. The Chinese are buying Russian chocolate as a sign of support for Russia in the conflict with Ukraine. Analysts: The Czech National Bank will not let the Czech currency weaken below CZK 26.00 per euro. The Czech National Bank has initiated the process to revoke the banking license of Sberbank CZ. Bloomberg: The richest Russians have already lost 83 billion USD this year. Italy wants to reduce dependence on Russian gas, will negotiate with the EC on a price cap. Czech entrepreneurs and companies are also offering financial assistance due to the situation in Ukraine. Habeck: Sanctions against Russia will slow down the recovery of the German economy. Australia, New Zealand and Japan are introducing new sanctions against Russia. BBC: Black Monday of the Russian economy. The crown began to strengthen against the euro and dollar after the CNB's interventions. Bitcoin has strengthened by about 13 percent since the Russian invasion of Ukraine. The number of counterfeit banknotes and coins seized in the Czech Republic increased significantly last year to 6,836.

Stock exchanges: The price of Brent oil exceeded 100 dollars per barrel due to the Russian attack on Ukraine. The price of gas for the European market increased by a third due to the attack on Ukraine. The wholesale price of gas for the European market rose to 345 euros per MWh. Precious metals rise in price during the invasion of Ukraine, gold by 1.5 percent. Analyst: The Ukrainian crisis may ruin Musk's dream of cheaper electric cars.

Finance: Visa and Mastercard are ending in Russia. 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, it is not an isolated incident. Germany has not yet supported the exclusion of Russia from SWIFT, the reason may be gas. Česká spořitelna's net profit rose by 41.7 percent last year to 14.2 billion crowns. The World Bank and the IMF plan to provide Ukraine with three billion dollars. Analysts: Czech bank share prices are falling due to anti-Russian sanctions. Sberbank CZ clients should open an account at another bank, experts say. The US will strengthen its military contingent in Lithuania by another 400 soldiers. ECB: The European division of Russia's Sberbank is at risk of bankruptcy due to the outflow of deposits. PayPal suspends its services in Russia due to the invasion of Ukraine. Mastercard has blocked several financial institutions as part of anti-Russian sanctions. Russian banks are turning to the Chinese system due to the departure of Visa and Mastercard. Switzerland has ordered the blocking of transactions of people on the EU sanctions list. Russians are trying to withdraw US dollars from ATMs after the collapse of the ruble. The West is apparently getting closer to excluding Russia from the SWIFT payment system. Russian Sberbank has a record profit, will return deposits to people in Europe and will leave. The Russian Central Bank has more than doubled the base interest rate to 20 percent. Rating agencies are downgrading the creditworthiness of Ukraine and Russia. S&P significantly downgrades Belarus' credit rating. 150 protesters outside German embassy demanding Russia be cut off from SWIFT.