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This is a megathread for anything related to the economic impact of the Russia-Ukraine conflict. This post will be updated regularly to include recent news articles related to the conflict and its economic impact. --- # Recent News Articles ## Oil and Energy * **BP to exit Rosneft stake after Russian invasion of Ukraine** (CNN) [02/27/2022] * **Shell to exit Russian oil and gas** (Shell) [02/28/2022] * **Here's how the Ukraine conflict is hitting oil markets** (CNN) [02/25/2022] * **Oil prices surge to highest level in 8 years as conflict in Ukraine intensifies** (CNBC) [02/25/2022] * **Why the world’s reliance on Russian energy is such a big deal in the conflict in Ukraine** (CNBC) [02/24/2022] * **Europe's Energy Crisis Is About to Get Worse** (Bloomberg) [02/28/2022] * **Ukraine-Russia Crisis Sparks Europe’s Worst Energy Prices in Six Months** (Bloomberg) [02/18/2022] * **BP's Russia exit to cost up to $25 billion** (CNN) [02/27/2022] * **BP’s Russia Exit Shows How Companies Are Drawing a Line on Values** (Bloomberg) [02/28/2022] * **BP exit from Rosneft to spark wave of similar moves** (Financial Times) [02/28/2022] * **BP to quit Rosneft stake in response to Ukraine crisis** (Financial Times) [02/27/2022] * **Shell to exit all its Russian operations** (Financial Times) [02/28/2022] * **Vitol and Trafigura to keep Russian oil purchases after rivals pull back** (Financial Times) [02/28/2022] ## Sanctions * **U.S. hits Russian banks, oligarchs with fresh sanctions over Ukraine** (Reuters) [02/28/2022] * **White House evacuates Ukraine embassy amid Russia invasion** (CNBC) [02/14/2022] * **EU reaches deal onRussia sanctions - French Europe minister** (Reuters) [02/27/2022] * **EU to impose 'harshest' package of sanctions on Russia for invading Ukraine** (Business Insider) [02/24/2022] * **How sanctions on Russia could escalation the conflict** (CNN) [02/24/2022] * **Bank of Russia restricted from using its foreign currency reserves by Western powers** (CNBC) [02/27/2022] * **The world’s largest yacht, linked to a Russian billionaire, heads for a safe harbor in the UAE** (CNBC) [02/28/2022] * **Europe freezes assets of Russia’s central bank, blocks access to SWIFT** (CNBC) [02/27/2022] * **Russian Central Bank Head Dismissed After Sanctions Hit** (Bloomberg) [02/28/2022] * **Russia-Ukraine: Five ways war affects the global economy** (BBC News) [02/28/2022] * **Ukraine: US, EU, UK and Canada impose sanctions on Russia** (BBC News) [02/26/2022] * **Ukraine invasion: What do Western sanctions mean for Russians?** (BBC News) [02/26/2022] * **Ukraine: Biden orders sanctions on Russian oligarchs and banks** (BBC News) [02/24/2022] * **Ukraine conflict: France seizes Russian bank's assets** (BBC News) [02/28/2022] * **The Russia Sanctions Are About to Get Biblical** (Bloomberg) [02/28/2022] * **‘Targeted’ Sanctions on Russia Won’t Spare Europe’s Economy** (Bloomberg) [02/28/2022] * **U.S. Sanctions Russia’s President Vladimir Putin** (Bloomberg) [02/25/2022] * **Kremlin Says Isolation From the World ‘Impossible’ Amid Sanctions** (Bloomberg) [02/28/2022] * **Russia’s Central Bank to More Than Double Key Interest Rate** (Bloomberg) [02/28/2022] * **Russia’s Central Bank to More Than Double Key Interest Rate** (Bloomberg) [02/28/2022] * **Russia to nationalise foreign-owned factories** (BBC News) [02/28/2022] * **Russia may nationalize idle factories of companies that leave – Ifax cites minister** (Reuters) [02/28/2022] ## Food and Commodities * **Ukraine-Russia conflict could hinder global food security** (CNBC) [02/28/2022] * **Here's how the Ukraine-Russia conflict could impact wheat prices and availability** (CNN) [02/27/2022] * **Here's how the Ukraine crisis is driving up commodity prices** (CNBC) [02/25/2022] * **Ukraine crisis sparks surge in crop prices** (Financial Times) [02/25/2022] * **Soaring Crop Prices Tarnish Gold’s Safe-Haven Appeal** (Bloomberg) [02/28/2022] * **Wheat prices are expected to rise after Russia's invasion of Ukraine. But how high will they go?** (CNN) [02/25/2022] * **U.S. agriculture braces for impact from the Ukraine war and sanctions** (CNBC) [02/28/2022] ## Technology * **SWIFT to cut off some Russian banks** (CNBC) [02/27/2022] * **Russians flock to online marketplaces to exchange rubles for crypto** (CNBC) [02/28/2022] * **Cryptocurrency prices steady amid Russia-Ukraine war** (CNBC) [02/24/2022] ## Companies * **Daimler Truck stops all business activities in Russia effective immediately** (Reuters) [02/28/2022] * **Russia's Deloitte office says to exit global network** (Reuters) [02/28/2022] * **Russia's Pwc office to exit global network** (Reuters) [02/28/2022] * **Russia central bank advises against travel abroad, stops short of capital controls** (Reuters) [02/28/2022] * **Bank of Russia orders brokerages to stop clients selling Russian securities** (Reuters) [02/28/2022] * **Russia’s largest lender Sberbank to shut European arm after sanctions drain funds** (CNBC) [02/28/2022] * **Harley-Davidson halts all shipments of its bikes into Russia due to Ukraine invasion** (CNBC) [02/28/2022] * **‘Targeted’ Sanctions on Russia Won’t Spare Europe’s Economy** (Bloomberg) [02/28/2022] * **Apple pauses sales in Russia, removes RT and Sputnik from App Store outside of Russia** (CNBC) [03/01/2022] * **Russia blocks site of Meta’s Instagram after it removes ‘special military operation’ labels** (CNBC) [03/11/2022] * **BP loses $25 billion in market value after surrendering prize Russian asset** (CNBC) [03/01/2022] ## Other * **Why Russia's Invasion of Ukraine could lead to a dangerous nuclear standoff** (CNN) [02/28/2022] * **As Russian troops close in, residents are surrendering kyiv** (CNBC) [02/26/2022] * **How Russia’s Ukraine invasion is rocking the world economy** (CNBC) [02/28/2022] * **Ukraine: Russian army closing in on Kiev - Zelensky** (BBC News) [02/26/2022] * **Ukraine conflict: Mother’s final call from Mariupol basement** (BBC News) [02/28/2022] * **As the war intensifies, Ukraine seeks to join EU** (CNBC) [02/28/2022] * **Ukraine declaring neutrality is no panacea for the West** (CNBC) [02/28/2022] * **Zelenskyy signs Ukraine's formal application to join the EU** (CNBC) [02/28/2022] * **Russian forces seize control of Chernobyl nuclear plant, Ukraine says** (CNBC) [02/24/2022] * **Ukraine Nuclear Plant Seized by Russian Forces Amid Fighting** (Bloomberg) [02/25/2022] * **Battle for Ukraine capital kills at least 70, official says** (CNBC) [02/26/2022] * **Ukraine faces severe disruption to grain exports after Russian invasion** (CNBC) [02/26/2022] * **Half of Kyiv residents left, says mayor** (BBC News) [02/28/2022] * **Russia invades Ukraine: Live updates** (CNN) [02/28/2022] * **Russia invade Ukraine: latest updates** (CNBC) [02/28/2022] * **Ukraine-Russia Crisis** (Aljazeera) [02/28/2022] * **Russia Ukraine crisis** (Yahoo News) [02/28/2022] * **Russia invades Ukraine: Live news updates**

Russia's Invasion of Ukraine and its Economic Impact - March 2022 Edition

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