We are talking about banks that have been sanctioned.
The EU has disconnected the sanctioned Russian banks from the SWIFT system.
These include: VTB, “Russia”, “Otkritie”, Novikombank, Promsvyazbank, Sovcombank and VEB RF.
Before that, the EU, the USA, Canada and the UK announced that they would disconnect the Russian tanks from SWIFT.
It was about financial institutions that were sanctioned.
However, it was emphasized that these measures may also affect other banks.
The sanctions were imposed against the background of Russia’s special operation in Ukraine, condemned by the West.
Earlier, topNews wrote that Dmitry Peskov called on Russians to calm down. The official representative of the Kremlin said this against the background of Western sanctions.
Sberbank issued a statement in which it announced that it was withdrawing from the European market due to an abnormal outflow of funds and a threat to employees of subsidiaries that are located in Europe.
In the statement, the Beac refers to the order of the Central Bank, according to which it cannot supply liquidity to European branches.
The document states that “Sberbank’s subsidiaries in Europe have large capital and impressive asset quality, which is enough to provide customers with payments and cover insurance in accordance with local laws.
Recall that today the Austrian Financial Markets Authority has banned Sberbank Europe AG from conducting business operations at the request of the Central Bank, an external auditor has been appointed to the credit institution.
At the moment, Sberbank has subsidiaries in Europe in Austria, Bosnia and Herzegovina, Croatia, the Czech Republic, Germany, Hungary, Slovenia and Serbia.
It also became known that Sberbank decided to increase the maximum deposit rates to 21% per annum.
According to TASS with reference to the bank’s press service, the rate is valid for the deposit “Sberklad Prime” for a period of 1 – 3 months in rubles, and for the classic “Sberklad” for the same period it will be 20%.
Earlier, Topnews wrote what, according to experts, American sanctions against Sberbank and VTB may turn out for Russians.
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Analysts recalled six rules of behavior during hyperinflation.
Financial expert Nikita Demin, in an interview with the media, listed the ways he knows how to save money despite inflation.
As he told “Channel Five ”, if there is enough money to invest in real estate, then it is worth doing it now.
The same Russians who have been able to save enough, but still have extra funds, can spend them on goods whose price will increase over time.
As an example, he named non-perishable food, household appliances and cars.
“These goods will become more expensive,” Demin explained.
At the same time, Russian experts explained whether it is worth buying products in advance and taking out loans in case of hyperinflation.
Their advice appeared in the InvestFuture telegram channel.
In their opinion, if the price increase reaches high levels, the least increase in the price of goods produced by local producers. Analysts point out that the authorities have stated that prices for socially important goods will be supported.
For the rest, experts advise to adhere to six principles.
It is not necessary to purchase and store goods for no reason. With empty shelves, prices will rise even more, because there will be a shortage.
Evaluate your work. If you work for a private company, there are risks of losing income. When working in government agencies, your employer can index your salary, as well as issue bonuses or provide benefits.
Evaluate your family airbag and restore its target structure.
Because of the high rates, do not rush to take out loans. They are expensive and at a key rate of 20%, but this is not the limit, hence the overpayment on the loan will be extremely high. There is a high risk of becoming a debtor.
During the period of hyperinflation, the stock market is unstable and fraught with danger. But there is a way out: to invest in bonds that are protected from inflation – OFZ-IN. Their nominal value will grow along with the fall of the ruble.
Be careful when buying goods and currency. During this period, the number of scammers increases.
As Topnews wrote, the fall of the ruble occurred against the background of the military special operation announced by Russia on February 24 in Ukraine.
After that, a number of anti-Russian sanctions were announced, which led to an alarming situation in the domestic sector of the economy.
Boeing Aircraft Concern (USA) announced the temporary suspension of support and maintenance of Russian airlines.
Also, as reported by Reuters with reference to the company’s statement, the supply of spare parts for airliners that are owned by Russian air carriers has been suspended.
It is already known that the work of Boeing units in Moscow has been suspended.
Recall, as reported the day before, the company that trained pilots at the training center in Skolkovo stopped working, and the Boeing office in Kiev was also closed.
As analysts suggest, the decision was caused by sanctions to restrict high-tech exports to Russia, which the United States announced against the background of a military special operation in Ukraine.
The European Union also banned the sale of aircraft, spare parts and equipment to Russia, providing insurance services and technical support to civil aviation courts of the Russian Federation.
All aircraft that Russia has received from Europe on lease must be returned within a month.
Also, as Topnews wrote, the USA, the EU, the UK and Canada have closed their airspace to Russia.
As RBC clarifies with reference to its sources, due to restrictive measures, aircraft engine manufacturers CFM International, Pratt & Whitney and Rolls-Royce, avionics manufacturer Collins, aviation equipment and interiors supplier Safran, as well as maintenance service provider StandartAero no longer cooperate with Russia.
The US closes the sky to planes from the Russian Federation.
US President Joe Biden has decided to close the skies for planes from Russia.
The words of the head of the American White House are quoted by TASS.
Biden announced the closure of the sky for Russian airliners during his annual address.
According to Biden, the United States joins the position of allies.
“…And we are closing American airspace to all Russian flights”, – he said.
Representatives of the US Department of Transportation noted that the ban applies to all aircraft registered in Russia, including charter ones.
Biden also said that since the beginning of Russia’s special operation in Ukraine, the ruble has fallen by 30%, and the stock market has collapsed by 40%.
“Russia’s economy is reeling”, – he said, blaming Russian President Vladimir Putin for the current situation.
Recall that the EU closed its airspace to aircraft from Russia on February 28.
Earlier, topNews wrote that a television tower was destroyed in Kiev. The moment of the projectile impact was captured on video.
This is a new measure to strengthen financial stability in Russia.
Russian President Vladimir Putin, who, as Topnews previously wrote, restricted the withdrawal of currency abroad, imposed a ban on the withdrawal of currency from the country in the amount of more than 10 thousand dollars.
Both the decree signed the day before and Putin’s new order became a special economic measure in response to the sanctions of the United States and its allies to protect the national interests of the Russian Federation, as well as to ensure financial stability in the country.
The new order comes into force on March 2.
Also, from this day on, a special procedure for transactions in respect of shares and real estate with foreign persons from unfriendly countries is introduced in Russia.
Non-residents are prohibited from issuing ruble loans without the approval of the government Commission for Foreign Investment Control.
In addition, Putin instructed not to extend new restrictions on transactions with foreign persons and foreign currency to the Central Bank.
It is worth noting that according to the FOM, the level of confidence in Putin in Russia has increased from 60% to 71% over the past week.
The main factor that influenced public opinion was the recognition of the LPR and the DPR. At the same time, only 18% of respondents expressed distrust of the Russian leader.
Earlier, Topnews wrote that on the eve of Prime Minister Mikhail Mishustin announced a ban on the exit of foreign business from Russian assets.
This opinion was voiced by Deputy Prime Minister Mikhail Mishustin.
Prime Minister Mikhail Mishustin at a meeting on Tuesday on the growth of the sustainability of the Russian economy. He announced new measures that can be taken by the Russian government in relation to foreign business.
According to him, he may be temporarily restricted from exiting Russian assets.
Mishustin explained that business is forced to make decisions under political pressure, and to reduce it, as well as to give business a chance to make informed decisions, such a measure will help.
According to TASS, the prime minister said that the draft presidential decree has already been prepared.
It is addressed to those, the politician believes, that entrepreneurs who have invested in the country will be able to continue working in it, and the pressure of sanctions will eventually subside.
According to him, the winners will be those who ignore the slogans of foreign politicians. It will also support those Russians who work in such companies.
“We still consider foreign business as potential partners, – the prime minister said, adding that many companies produce a product that is in demand both in Russia and abroad, and they have invested a lot of effort in Russian production.
Mishustin believes that it is easy to exit the Russian market, but it will be much more difficult to return to it.
In addition, as reported by Znak.com, the Russian government intends to allocate about ₽1 trillion from the National Welfare Fund to buy shares of Russian companies.
To do this, the Ministry of Finance will be able to use the mediation of GC “VEB.RF” and specialized financial organizations.
Earlier, Topnews wrote that Vladimir Putin signed a decree on the introduction of retaliatory sanctions in response to the anti-Russian sanctions of the United States and the EU.
And supermarkets have been restricted in the growth of food prices.
The cost of domestically produced cars will increase in Russia. Already, AvtoVAZ has increased the cost of Lada cars by an average of 15%. Before that, the price tags changed by only 1-3%, the journalists note.
The publication “Rise” tried to get a comment from AvtoVAZ, but they refused to talk about price increases. The carmaker was asked to “understand them.”
At the same time, the price of the Largus station wagon has increased by 30%, now the car costs from 1 million rubles. The price of the Niva Legend model has risen to 777 thousand rubles (by 9%, this is the least).
Against the background of the rise in price of domestic cars, the giants Volvo, General Motors, Volkswagen, Daimler Truck, Scania left Russia. Motorcycle manufacturer Harley-Davidson also suspended deliveries.
Telegram channel BAZA reports that price tags have begun to change in the Moscow Central Department Store. From March 1, luxury clothing will rise in price by 20-30%.
The night before, price tags began to be re-glued – discounts were removed from old collections. Prices will rise for clothing Prada, Gucci, Tom Ford, Fendi, Louis Vuitton, Balenciaga, Yves Saint Laurent, Dior
“As for the availability of goods, so far most of them are available for purchase, but this is only for now. Some of the representatives of luxury brands interviewed by the “Base” said that they were afraid of a delay in further deliveries,” writes BAZA.
The State Duma warned that you can not wait for price spikes and empty shelves in pharmacies. Deputy Yevgeny Nifantiev stressed that all vital medicines are under control, and sellers and suppliers are working as planned.
At the same time, as Izvestia writes, wholesalers raised purchase prices for pharmacies by 1.5%, depending on the region, by 25%. According to Victoria Presnyakova, head of the Alliance of Pharmaceutical Associations, there is an increase in both imported and domestic drugs. If we take into account that pharmacies do not make stocks, then some drugs will become more expensive either in the near future or have already become more expensive.
Russians have already begun to make stocks of imported medicines, since last week there has been a demand for drugs for chronic diseases. But experts are sure that interruptions in the supply of medicines can not be expected.
Another problem faced by restaurateurs in Russia. According to Kommersant, the establishments had to redesign the menu, which has imported products. Moreover, it is difficult to replace it with Russian analogues. It is also noted that Russian suppliers of products have begun to raise prices for their products.
So, in Boris Zarkov’s White Rabbit Family restaurant, tuna was replaced, which was supplied from Japan. They removed positions in the Meat & Fish network – they referred to violations of the logistics of products – there are difficulties in the delivery of sea cargo across the Black Sea.
Experts said that in the restaurants of the middle segment and haute cuisine, about 40% of the products are imported. It is already clear that some of the products will disappear altogether – it will be difficult to replace tuna, arugula, octopus, olive oil.
The end consumer will feel the changes due to rising prices – this is due to both the exchange rate and the increase in logistics costs. Restaurateurs predict that they will begin to lose income.
Meanwhile, the Federal Antimonopoly Service has limited Auchan, Atak, Magnit, OK to a 5% increase in prices for sugar, bread, dairy products and vegetables for borscht.
As Topnews wrote earlier, against the background of the aggravation of relations between Russia and Ukraine, Rospotrebnadzor made concessions for catering. The halls have abolished restrictions on visitors, social distance. Previously, such measures were introduced due to the coronavirus.
The government divided the sanctions package into three groups.
A meeting on economic issues was held in the Kremlin under the chairmanship of Russian President Vladimir Putin, which was attended by Deputy Prime Minister Mikhail Mishustin and Central Bank Governor Elvira Nabiullina.
According to the Deputy Prime Minister, quoted by MK 8221, the Government of the Russian Federation has made decisions to support the economy, which will be included in the plan of measures, which will be announced soon.
Speaking about the reasons for the sanctions, Kremlin speaker Dmitry Peskov assessed the anti-Russian sanctions as heavy and problematic, but the Russian authorities have the potential to compensate for them.
In turn, Mishustin said that the United States, the EU and other countries aim to “restrain the development of the Russian economy.”
The Cabinet of Ministers divided the entire set of sanctions into three groups. The first included sanctions to restrict access to world markets. They include measures on sovereign debt, sanctions against the largest companies and credit institutions, including the Central Bank.
To support banks, it is necessary to rely on the capital of the Russian population and the funds of enterprises, as well as the NWF. The latter are planned to be used for exchange rate stability and budget lending of infrastructure.
According to Finance Minister Anton Siluanov, a capital amnesty plan has been prepared, larger than three – four years ago. It is assumed that this will help to return to Russia the funds previously withdrawn from it and not yet affected by sanctions.
In the second group, the government attributed restrictive measures on the import of high technologies required for strategically important sectors of the economy and the defense industry.
According to the head of the Ministry of Industry and Trade Denis Manturov, import substitution will help. He stated that the plans, which will affect 23 industries, include “1,000 items of raw materials, materials, components and finished products,” but the program itself and its financing are designed for 2022 – 2024.
The third group of sanctions included measures to curb the integration of the Russian Federation into the world economy. At the moment, due to sanctions, about 50% of exports, which were designed for the USA, Canada, Japan and the EU, have been lost for Russia.
The Government intends to refocus on the countries of Latin America, Asia, Africa and the Middle East. According to Manturov, business finds partial solutions by breaking into closed markets.
The meeting, to which all participants came in black, was held behind closed doors. The media showed only Vladimir Putin’s opening speech.
At the meeting, Anton Siluanov stressed that there will be no problems with the payment of pensions and other social obligations, because they will be fulfilled first of all, and there are finances for this. And the head of the Central Bank said that the system for transmitting financial messages will be able to replace the disabled SWIFT.
As for the ban on the use of gold and foreign exchange reserves by the regulator, it is compensated by the decision on the mandatory sale by exporters of 80% of revenue.
Later, Vladimir Putin instructed banks to keep rates on contracts (loans and mortgages) that were concluded before the Central Bank’s key rate was raised to 20%.
As Topnews wrote earlier, Vladimir Putin has restricted the export of currency abroad.
The head of EU diplomacy, Josep Borrel, explained the new sanctions list of Russians.
The European Union has published a new blacklist with personal sanctions against Russian journalists, officials and businessmen, as well as the generals of the Armed Forces of the Russian Federation.
Among those who fell under the sanctions were Presidential press secretary Dmitry Peskov, Rosneft CEO Igor Sechin, businessman Alisher Usmanov, entrepreneur Peter Aven, billionaire Mikhail Fridman, Chairman of the Management Board and President of Transneft Nikolay Tokarev.
Of the well-known Russian journalists, Olga Skabeeva, the presenter of “60 Minutes”, is almost the first in the list, followed by RT TV channel employee Anton Krasovsky, writer Zakhar Prilepin, presenters Arkady Mamontov, Roman Babayan.
Also under personal sanctions were the owner of the private investment group Volga Group Gennady Timchenko, chairman of PJSC Promsvyazbank Peter Fradkov, cellist Alexander Roldugin.
There are 26 Russians in total on the list.
The head of EU diplomacy, Josep Borrel, is confident that personal sanctions of this kind will entail a serious economic effect.
Full sanctions list:
Dmitry Peskov (Press Secretary of the President of Russia);
Igor Sechin (businessman);
Alisher Usmanov (businessman);
Peter Aven (businessman);
Mikhail Fridman (businessman);
Gennady Timchenko (businessman);
Alexey Mordashov (businessman);
Sergey Roldugin (musician);
Zakhar Prilepin (writer);
Olga Skabeeva (journalist);
Roman Babayan (journalist);
Modest Koperov (journalist);
Tigran Keosayan (director);
Anton Krasovsky (journalist);
Arkady Mamontov (journalist);
Andrey Turchak (First Deputy Chairman of the Federation Council);
Dmitry Chernyshenko (Deputy Prime Minister);
Irek Fayzullin (Minister of Construction);
Peter Fradkov (head of Promsvyazbank);
Alexander Ponomarenko (Director of Sheremetyevo);
Vitaly Saveliev (Minister of Transport);
Nikolay Tokarev (President of Transneft);
Sergey Pinchuk (First Deputy Commander of the Black Sea Fleet);
Alexander Avdeev (Deputy Commander of the Southern Military District);
Rustam Muradov (Deputy Commander of the Southern Military District);
Andrey Sychevoy (Commander of the 8th Army of the Southern Military District);
As Topnews wrote earlier, actor Dmitry Pevtsov was included in the sanctions list.
The artist recorded a video, calling on the stars to be silent while Putin works.
