The United States is closing its airspace to Russian planes. Russia’s central bank ordered the country’s stock market to stay closed on Wednesday.
Russian the large-scale attack in Ukraine continues for the seventh day. HS is following the main market reactions on Wednesday in this news.
More sanctions
United States closes its airspace with Russian planes, the U.S. president said Joe Biden In his State of the Nation speech on Wednesday. In his speech, he also called on the President of Russia Vladimir Putinia As a “dictator” and said there was an ongoing struggle in the world between “democratic and autocratic states”.
According to media reports, the United States was expected to shut down its airspace from Russian planes within 24 hours. The matter was reported by The Wall Street Journal and Reuters, citing sources.
The closure will take effect by the end of Wednesday, according to the U.S. Department of Transportation.
Britain has announced sanctions against the people and organizations of Belarus. The Foreign Minister is behind the sanctions Liz Trussin according to Belarus’s role in Russia’s invasion of Ukraine.
The sanctions list also includes high-ranking defense officials and military personnel.
Moscow stock trading still closed
Russian The central bank will keep the stock deal in Moscow closed for the third day in a row on Wednesday, according to Reuters.
However, the central bank said it will allow a limited number of operations for the first time this week.
Russian bank Sberbank said it would exit the European market on Wednesday. Sberbank is Russia’s largest bank in terms of the value of loans granted, for example.
The bank says it is no longer able to provide liquidity to its subsidiaries in Europe. However, according to the bank, its resources are sufficient to repay European deposits.
Earlier on Wednesday, it was reported that the European Central Bank has ordered the closure and suspension of Sberbank’s European subsidiary, Reuters and AFP said.
The Russian ruble fell to a record low in foreign trade on Tuesday.
In interbank trading, the ruble slipped against 117 dollars. The ruble has already fallen 34 percent during the year, Reuters reported.
The flight of companies from Russia continues
Airplanes manufacturer Boeing has announced that it will cease maintenance and technical support of Russian airlines’ aircraft and full-time operations in Russia, Reuters reports.
In addition, the company will stop supplying aircraft parts to Russian companies.
Oil giant Exxon Mobil announced on Wednesday that it will phase out an oil field in Russiasays AFP.
The oil company operates the field on behalf of a multinational conglomerate.
The Italian company Eni has also announced that it will withdraw from Russia. The decision concerns the Blue Stream gas pipeline from Russia to Turkey. According to a company spokesperson, Eni plans to sell its stake in the pipeline.
Twitter says it plans to restrict the activities of Russian state-owned news agencies RT and Sputnik on its platform, Reuters reports.
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