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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 defendants in the alleged tax evasion case involving JIP have pleaded not guilty. Britain has announced its largest ever sanctions package in response to the Russian attack. Analysis: Escalation of the conflict in Ukraine will lead to an increase in inflation in the Czech Republic. Rusnok: If the estimates come true, there will be no need for further significant rate increases. The Slovak government has proposed a special tax on profits from the sale of nuclear electricity. WTO: The shortage of goods is mainly due to increased demand, the problems should ease. Japan will join sanctions against the Russian Central Bank. The US House of Representatives has approved a proposal to strengthen the country's competitiveness. The CNB Council raised the base interest rate to 4.5 percent, the highest since 2002. Inflation in Slovakia reached 8.4 percent in January, the highest since the summer of 2004. Czech household debt to banks rose to CZK 2.060 trillion in January. Reuters: China would diplomatically support Russia in the event of an invasion of Ukraine. Ukraine imposes a state of emergency, the West imposes sanctions; Russia withdraws diplomats. Russian attack on Ukraine has increased the price of oil and gas, and will probably hit the European economy. BBC: Black Monday for the Russian economy. Australia, New Zealand and Japan impose new sanctions against Russia. Growth in business activity in the eurozone accelerated significantly in February, companies are raising prices. Analysts: Sanctions will hit Russia hard, the banking sector in the Czech Republic will not destabilize it. Association: Emission allowances could pay for the Czech Republic's green transformation. Volkswagen, Renault and tire manufacturer Nokian are suspending production. The Czech National Bank has initiated the process to revoke the banking license of Sberbank CZ.

Stock exchanges: The price of aluminum rose today to its highest level since 2008. Gold is at a three-month high due to Russian-Ukrainian tensions. The price of gold is near a nine-month high due to the crisis in Ukraine. The price of Brent crude oil has exceeded $100 per barrel due to Russia's attack on Ukraine. The price of gold is near a nine-month high due to the crisis in Ukraine.

Finance: European and American banks are preparing for the impact of sanctions against Russia. 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. Buffett's company Berkshire has bought a significant stake in Activision. Greece will repay its last IMF loans by the end of March, the finance minister said. Deutsche Welle: Death of Peter Kellner sends PPF group further west. The number of private bankruptcies in Germany rose last year for the first time in a decade. Brussels extended the activities of British clearing houses in the EU by three years. ECB head: Raising interest rates now would not reduce inflation, but would hurt the economy. Sberbank branches will remain closed on Monday, card transactions will remain suspended. Danish pension fund will sell stake in Wizz Air due to disagreements. Allianz has set aside 3.7 billion euros due to legal disputes in the US. The West is apparently getting closer to excluding Russia from the SWIFT payment system. Portu analysis: Banks are slowly raising deposit rates in response to the CNB's rate hike. Washington is considering sanctions against the Russian central bank due to the invasion of Ukraine. Russians are trying to withdraw US dollars from ATMs after the ruble's collapse. Fortune: How rich is Putin and why hasn't he been targeted by Western sanctions yet? Index: Commodity and stock funds gained in January, bonds lost. Atomyze became the first to receive a license for digital financial assets in Russia.