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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: Analysts: The conflict in Ukraine will initially affect mainly energy and food. Norwegian oil companies have increased their investment plans, but they will still fall short of last year. Israeli GDP increased by 8.1 percent last year, showing the sharpest growth in 21 years. The Chinese are buying Russian chocolate in a sign of support for Russia in the conflict with Ukraine. Reuters: China would support Russia diplomatically in the event of an invasion of Ukraine. Volkswagen, Renault and tire manufacturer Nokian are suspending production. Companies are closing operations in Ukraine and preparing for sanctions against Russia. Reuters: The Ukrainian crisis could have far-reaching effects on the European economy. Internet company Google has stopped selling online advertising in Russia. Habeck: Sanctions against Russia will slow the recovery of the German economy. Indian tax authorities raided several offices of Chinese company Huawei. Australia, New Zealand and Japan impose new sanctions against Russia. Bitcoin has strengthened by about 13 percent since Russia's invasion of Ukraine. Czech National Bank has begun the process of revoking Sberbank CZ's banking license. Biden announced sanctions against the company that built Nord Stream 2. 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. Switzerland, despite its neutrality, will impose sanctions on Russia following the EU model. Britain could change the law to make it easier to sanction Russian oligarchs. Ukraine imposes a state of emergency, the West sanctions; Russia withdraws diplomats.

Stock exchanges: Gold price exceeds $1,900 for the first time since June due to tensions over Ukraine. Brent crude oil price exceeds $100 per barrel due to Russian attack on Ukraine. Precious metals rise during invasion of Ukraine, gold up 1.5 percent. Gold price is at more than a year high of $1,940 after attack on Ukraine. Palladium, gold and other precious metals rise in response to anti-Russian sanctions.

Finance: World Bank and IMF plan to provide Ukraine with $3 billion. Allianz sets aside 3.7 billion euros due to legal disputes in the US. Russia's central bank more than doubles base interest rate to 20 percent. World Bank to increase first aid payment to Ukraine to 460 million euros. Russians try to withdraw US dollars from ATMs after ruble collapse. Russia's central bank more than doubles base interest rate to 20 percent. Russia's Sberbank has a record profit, will return deposits to people in Europe and leave. Washington is considering sanctions against the Russian central bank due to the invasion of Ukraine. BBC News: There are no dollars here, I don't know what to do!. The ruble is at a record low, Russia prohibits payments to foreign investors. Buffett's company Berkshire has bought a significant stake in Activision. The World Bank will release one billion dollars to help Afghanistan. According to experts, Sberbank CZ clients should open an account at another bank. Fitch and Moody's have lowered Russia's rating by six notches, to the speculative zone. Deutsche Welle: The death of Petr Kellner sends the PPF group further west. A woman in Vyškov found 15,000 CZK forgotten in an ATM, it is not unique. Switzerland has ordered the blocking of the trades of people on the EU sanctions list. The Russian central bank and the fund may have Chinese bonds worth up to 140 billion USD. Reuters: Regulators prepare to close Russian bank VTB's European division. Germany has not yet supported Russia's exclusion from SWIFT, gas may be the reason.