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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 number of counterfeit banknotes and coins seized in the Czech Republic increased significantly last year to 6,836. Czech entrepreneurs and companies are also offering financial assistance due to the situation in Ukraine. French TotalEnergies will no longer invest in Russia, but will not leave the country. Reuters: The Ukrainian crisis may have far-reaching impacts on the European economy. Israeli GDP increased by 8.1 percent last year, showing the sharpest growth in 21 years. Growth in business activity in the eurozone accelerated significantly in February, companies are raising prices. Volkswagen, Renault and tire manufacturer Nokian are suspending production. Unemployment in Britain remained at 4.1 percent, but the number of employed people decreased. BBC: Black Monday for the Russian economy. The Chinese are buying Russian chocolate as a sign of support for Russia in the conflict with Ukraine. Japan joins sanctions against Russia's central bank. Russia's attack on Ukraine has raised oil and gas prices, likely to hit the European economy. More Western companies are leaving Russia, including Norway's Equinor. Switzerland, despite its neutrality, will impose sanctions on Russia following the EU's example. Britain could change the law to make it easier to sanction Russian oligarchs. Airspace closure is another blow to global supply chains. Internet company Google has stopped selling online advertising in Russia. Australia, New Zealand and Japan are imposing new sanctions against Russia. Defendants in the alleged tax evasion case involving JIP have pleaded not guilty. Biden announced sanctions against the company that built Nord Stream 2.

Stock exchanges: Palladium, gold and other precious metals rise in price in response to anti-Russian sanctions. Gold price nears nine-month high due to Ukraine crisis. Gold price crosses $1,900 for first time since June amid Ukraine tensions. Gold price hits more than a year-high of $1,940 after attack on Ukraine. Gold price nears nine-month high due to Ukraine crisis.

Finance: Spanish banks expand branch services after complaints about seniors. Russia's central bank more than doubled its base interest rate to 20 percent. Household deposits in banks continued to grow in January, up CZK 28.3 billion. Germany has not yet supported Russia's exclusion from SWIFT, gas may be the reason. Ruble hits record low, Russia bans payments to foreign investors. World Bank to release $1 billion to help Afghanistan. Washington has imposed sanctions on the Russian central bank, cutting it off from assets in the US. Fortune: How rich is Putin and why hasn't he been targeted by Western sanctions yet? Russia's Sberbank has a record profit, will return deposits to people in Europe and leave. Mastercard has blocked several financial institutions as part of anti-Russian sanctions. S&P has sharply lowered Russia's rating deeper into the non-investment zone. The West is apparently getting closer to excluding Russia from the SWIFT payment system. The Russian central bank has more than doubled the base interest rate to 20 percent. Russians are trying to withdraw US dollars from ATMs after the ruble's collapse. The EU has agreed to cut off seven Russian banks from SWIFT, saving Sberbank. After the House of Representatives, the Senate has also approved provisional financing for the US government. The Russian central bank and the fund may have Chinese bonds worth up to $ 140 billion. Washington has imposed sanctions on the Russian central bank, cutting it off from assets in the US. The World Bank and the IMF plan to provide Ukraine with three billion dollars. A woman in Vyškov found 15,000 CZK forgotten in an ATM, it is not an isolated incident.