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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: 150,000 Ukrainian refugees have already arrived in the Czech Republic, the government wants to allow them to work. According to Orbán, Hungary will not veto EU sanctions against Russia, unity is key. IMF approves $1.4 billion in emergency aid for Ukraine. Italy wants to reduce dependence on Russian gas, will negotiate with the EC on a price cap. Volkswagen, Renault and tire manufacturer Nokian suspend production. Stock markets continue to lose, prices of oil and other commodities are rising sharply. Japan revised GDP growth for the 4th quarter downwards to 4.6 percent. Analysts: Sanctions will hit Russia hard, the banking sector in the Czech Republic will not destabilize. French TotalEnergies will no longer invest in Russia, but will not leave the country. Australia, New Zealand and Japan introduce new sanctions against Russia. Czech household debts to banks rose to CZK 2.060 trillion in January. Exporters: Disconnecting only some of Russia's banks from SWIFT is a move like that of a smart firecracker. French TotalEnergies will no longer invest in Russia, but it will not leave the country. The Czech National Bank has initiated the process of revoking the banking license of Sberbank CZ. Reuters: Beijing has called on state-owned refineries to consider stopping exports in April. The koruna began to strengthen against the euro and dollar after the Czech National Bank's interventions. Other 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 high.

Stock exchanges: Palladium, gold and other precious metals rise in price in response to anti-Russian sanctions. Analysts: Gold and silver rose by five percent, oil and gas by tens of percent. Oil and gold prices continue to rise, the world is discussing a ban on oil imports from Russia. The price of gold exceeded $2,000 per troy ounce for the first time in a year and a half.

Finance: Germany has not yet supported Russia's exclusion from SWIFT, the reason may be gas. PayPal suspends its services in Russia due to the invasion of Ukraine. A woman in Vyškov found 15,000 CZK forgotten in an ATM, it is not an isolated incident. The Russian Central Bank and the fund may have Chinese bonds worth up to $140 billion. Washington is considering sanctions against the Russian Central Bank due to the invasion of Ukraine. The Russian Central Bank has more than doubled the base interest rate to 20 percent. Rating agencies downgrade Ukraine and Russia's credit ratings. Fitch and Moody's downgrade Russia's credit rating by six notches, to speculative grade. Analysts: Czech bank stock prices fall due to anti-Russian sanctions. Reuters: Regulators prepare to close Russian bank VTB's European division. World Bank approves $723 million in loans and grants to Ukraine. 150 protesters demand Russia be cut off from SWIFT in front of German embassy. Visa and Mastercard end operations in Russia. S&P significantly downgrades Belarus' credit rating. Washington imposes sanctions on Russia's central bank, cutting it off from assets in the US. Moscow Stock Exchange decides to postpone start of trading. Fortune: How rich is Putin and why hasn't he been targeted by Western sanctions yet? Analysts: Czech bank stock prices fall due to anti-Russian sanctions. Reuters: Russia will probably look for replacements for the SWIFT system, alternatives will be expensive. BBC News: There are no dollars, I don't know what to do!. World Bank to increase first aid payment to Ukraine to 460 million euros. Sanctions also affect Russian tourists who do not have enough cash on them. Moody's has cut Russia's credit rating to the second lowest level.