After the attack on Ukraine, Russia faced a large number of economic problems and various sanctions from many countries and international organizations. has made a compilation of recent reports about it.
Economy
At the beginning of trading on the Moscow Exchange on March 3, the ruble strengthened against the dollar and reached 99, but later returned to a range above 104 RUB per dollar. The euro exchange rate during trading exceeded 125 RUB.
The international rating agency Moody's downgraded the long-term ratings of the Russian Federation on debt obligations in foreign and national currencies by six steps at once—to B3 from Baa3. Thus, the ratings were transferred from the investment category to the high-risk category. The ratings remain under review with the possibility of further downgrades.
The price of Brent oil exceeded $118 per barrel for the first time since 2013. The Russian "military special operation" in Ukraine has caused supply problems in all commodity markets. At the same time, there is almost no demand for spot shipments of Russian Urals oil, and the Urals discount to Brent has reached record levels.
The German automaker Mercedes-Benz is suspending the export and production of cars in Russia. The company has become the last European automaker to announce the termination of business operations in the Russian Federation over the hostilities in Ukraine.
Daimler Truck Holding, which was spun off from Mercedes-Benz last December, stated earlier that it would cease operations in Russia and reconsider the prospects for a joint venture with KAMAZ.
The MAN auto concern, owned by Volkswagen, has stopped supplies of trucks and components to Russia and Belarus.
The price of depositary receipts for the shares of almost all Russian companies traded on the London Stock Exchange (LSE) dropped by more than 90% on March 2 compared to the closure on February 23. The only exceptions were the securities of Polymetal, Rosneft, and VK. They dropped by 77-84%. Receipts from most companies were worth less than one dollar.
Food producers have started to refuse sales of goods on promotion and reduce the assortment amid sanctions, the ruble downing, and problems with supplies. In some categories, the share of promotional goods in Russia was more than 50%.
AvtoVAZ announced March 5, 9, 10, and 11 the days of downtime at its enterprises. Changes in the working schedule are related "to the ongoing crisis in the supply of electronic components."
The World Bank Group has stopped all programs in Russia and Belarus. The World Bank has not financed new projects and investments in Russia since 2014.
The Swedish company Hennes & Mauritz, which owns the brands H&M, COS, Monki and others, announced suspending sales in Russia. Earlier, a similar decision was made by Apple and Nike.
Almost 99% of major brands included in the top 100 advertisers in the Russian market have abandoned any commercial publications in social networks for the near future.
Sanctions
SWIFT has confirmed that on March 12 it will disconnect Russian banks that were sanctioned by the EU from the international payment system.
The Minister of Foreign Affairs of Canada announced new sanctions in response to Russia's actions against Ukraine. New restrictive measures are being imposed against 10 key persons from two important companies in the Russian energy sector, Rosneft and Gazprom.
The Japanese government will freeze the assets of another four Russian banks: VTB, Otkritie, Sovcombank, and Novikombank. The restriction will take effect at the beginning of April. Earlier, Tokyo had already frozen the assets of three other banks: Rossiya, Promsvyazbank, and VEB.RF.
The German authorities blocked the yacht Dilbar of the oligarch Alisher Usmanov. It was under repair at the Hamburg shipyard. This is the largest motor yacht in terms of draught, its cost is estimated at $600 million. Earlier, Usmanov was slapped with personal sanctions for the first time.
The U.S. sanctions against Russia over the war in Ukraine do not apply to cars, smartphones, and household appliances of South Korean production, the Ministry of Trade of the Republic of Korea stated. The country's authorities held consultations with the U.S. Department of Commerce. They explained that restrictions will not apply to household appliances, cars, and smartphones, since these goods are intended for the mass consumer.
Society
British Prime Minister Boris Johnson reported that 38 countries have filed the largest petition to the International Criminal Court (ICC) in The Hague over Russia's invasion of Ukraine.
The International Paralympic Committee has decided not to allow Russians and Belarusians to participate in the 2022 Winter Paralympics. It will be held in Beijing from 4 to 13 March.
English FC Everton temporarily refused sponsorship of Russian companies USM, MegaFon, and YOTA. Earlier, UEFA and the German club Schalke suspended their cooperation with Gazprom.
The Venice Film Festival will ban official delegations from Russia from participating in the event. At the same time, independent Russian directors will be able to show their films at the festival.
The International Cat Federation (FIF) has announced that it prohibits cats from Russia from participating in international bench-shows. In addition, not a single cat bred in Russia can be exported or registered in any pedigree book of the International Federation outside of Russia.
Recall that on February 24 at 04:50 Russian President Vladimir Putin actually declared war on Ukraine, and Russian troops began to invade the territory of our country. has been following the situation and regularly informs about the most important events.