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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: ČNB has begun to intervene in the foreign exchange market against the weakening of the koruna. Analyst: The world may be on the verge of an energy crisis similar to the one in the 1970s.. More Western companies are leaving Russia, such as Norway's Equinor. The US foreign trade deficit widened by 9.4 percent in January to a record. Australia, New Zealand and Japan are imposing new sanctions against Russia. BBC: Black Monday for the Russian economy. The Russian attack on Ukraine has made oil and gas more expensive, and will likely hit the European economy. Reuters: The Ukrainian crisis may have far-reaching effects on the European economy. Despite its neutrality, Switzerland will impose sanctions on Russia following the EU model. CNB: The direct impact of the conflict in Ukraine on Czech economic growth will be limited. After the CNB's interventions, the koruna began to strengthen against the euro and the dollar. Sentix: Investor confidence in the eurozone economy has fallen due to the war in Ukraine. Companies are closing operations in Ukraine and preparing for sanctions against Russia. Japan will join sanctions against the Russian central bank. French TotalEnergies will no longer invest in Russia, but will not leave the country. Analysts: Sanctions will hit Russia hard, the banking sector in the Czech Republic will not be destabilized. Analysts: The Czech National Bank will not let the Czech currency weaken below CZK 26.00 per euro. Britain announced the largest sanctions package to date in response to the Russian attack.

Stock exchanges: The price of gas for the European market has increased by a third due to the attack on Ukraine. The price of Brent crude oil has exceeded $100 per barrel due to the Russian attack on Ukraine. The wholesale price of gas for the European market has risen to €345 per MWh. The price of nickel has reached a record high due to concerns about supply disruptions from Russia. Oil and gold prices continue to rise, the world is discussing a ban on oil imports from Russia.

Finance: Switzerland has ordered the blocking of businesses of people on the EU sanctions list. The US will strengthen its military contingent in Lithuania by another 400 soldiers. PayPal suspends its services in Russia due to the invasion of Ukraine. S&P has sharply lowered Russia's rating deeper into the non-investment zone. The World Bank has approved loans and grants to Ukraine for $ 723 million. Česká spořitelna's net profit rose by 41.7 percent last year to 14.2 billion crowns. Rating agencies are reducing the creditworthiness of Ukraine and Russia. According to experts, Sberbank CZ clients should open an account at another bank. Analysts: Czech banks' share prices fall due to anti-Russian sanctions. The Russian Central Bank has more than doubled the base interest rate to 20 percent. The Moscow Stock Exchange has decided to postpone the start of trading. Visa and Mastercard are ending in Russia. Russia's Sberbank has a record profit, will return deposits to people in Europe and will leave. Reuters: Regulators are preparing to close the European division of the Russian bank VTB. A woman in Vyškov found 15,000 CZK forgotten in an ATM, it is not an isolated incident. The ruble is at a record low, Russia prohibits payments to foreign investors. The World Bank will release one billion dollars to help Afghanistan. The World Bank will increase the first aid payment to Ukraine to 460 million euros. Fitch and Moody's have lowered Russia's rating by six notches, to the speculative zone. Russians are trying to withdraw US dollars from ATMs after the ruble's collapse. The EU is unlikely to cut Russia off from the SWIFT system for now, according to Reuters sources. The West is apparently moving closer to excluding Russia from the SWIFT payment system.