High industry news

CNN’s Anna Stewart reports that everyday life of everyday people has become “significantly worse” due to sanctions imposed on Russia. Even Russian oligarchs weighed in on the harm brought on by the war in Ukraine.

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People queue outside a branch of Russian state-owned bank Sberbank to withdraw their savings and close their accounts in Prague on February 25, 2022, before Sberbank will close all its branches in the Czech Republic later in the day. - US President Biden was the first to announce sanctions, hours after Russian President Putin declared a

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Russian oligarchs demand cease to Putin’s warfare

Amid a currency drop and an exodus of businesses from Russia following the invasion of Ukraine, Russia has proposed a temporary ban on Western companies taking money out of the country through divestments, according to Russian state media. CNN’s Anna Stewart reports on Russia’s “last-ditch attempt” to stop capital from exiting the country.

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A Russian ruble coin is pictured in front of St. Basil cathedral in central Moscow, on November 20, 2014.

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Russia to impose capital controls amid exodus of companies

Much of Russian wealth has made its way into London, earning the city the moniker “Londongrad.” But as the UK sanctions Russia for invading Ukraine, CNN’s Nina Dos Santos looks at how targeting ill-gotten gains will be a challenging task.

” data-duration=”03: 06″ data-editable=”settings” data-headline=”The UK’s clampdown on Russian money is complicated. Here’s why” data-index=”idx-2″ data-show-name=”” data-show-url=”” data-source=”CNNBusiness” data-uri=”archive.cms.cnn.com/_components/video-resource/instances/h_9796a61fc286688bb627fbbcb450652c” data-video-id=”business/2022/03/01/russian-money-london-oligarchs-sanctions-dos-santos-pkg-vpx.cnnbusiness” data-video-instance=”archive.cms.cnn.com/_components/video-resource/instances/h_9796a61fc286688bb627fbbcb450652c”>


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The UK’s clampdown on Russian money is sophisticated. Here is why

The US cut off Russia’s central bank and disconnected select Russian banks from SWIFT, the international bank messaging system. CNN’s Kaitlan Collins and Richard Quest break down how these moves could bring down Russia’s economy.

” data-duration=”03: 59″ data-editable=”settings” data-headline=”US cuts off Russia’s central bank, access to SWIFT — what it means” data-index=”idx-3″ data-show-name=”The Lead” data-show-url=”https://www.cnn.com/shows/the-lead” data-source=”CNNBusiness” data-uri=”archive.cms.cnn.com/_components/video-resource/instances/h_03be3fa4fd9e524ab926b0e6b2010828″ data-video-id=”business/2022/02/28/russia-swift-central-bank-cutoff-russia-ukraine-invasion-lead-vpx.cnnbusiness” data-video-instance=”archive.cms.cnn.com/_components/video-resource/instances/h_03be3fa4fd9e524ab926b0e6b2010828″>

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US cuts off Russia’s central monetary institution, get entry to to SWIFT — what it system

Western countries announced fresh sanctions against Russia in response to the invasion of Ukraine. The Moscow stock exchange closed after the ruble crashed to a record low against the US dollar. CNN’s Christine Romans reports.

” data-duration=”01: 39″ data-editable=”settings” data-headline=”Russia’s ruble crashes as its banking system reels” data-index=”idx-4″ data-show-name=”New Day” data-show-url=”https://www.cnn.com/shows/new-day” data-source=”CNNBusiness” data-uri=”archive.cms.cnn.com/_components/video-resource/instances/h_f996220b5dfb052236e54972c345037d” data-video-id=”business/2022/02/28/markets-oil-russia-sanctions-romans-vpx.cnnbusiness” data-video-instance=”archive.cms.cnn.com/_components/video-resource/instances/h_f996220b5dfb052236e54972c345037d”>

People stand in line to use an ATM money machine in Saint Petersburg, Russia February 27, 2022. REUTERS/Anton Vaganov

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Russia’s ruble crashes as its banking system reels

American restaurant owners are defying Russia by dumping vodka down the drain. But it’s mostly symbolic – most “Russian” branded vodka in the US isn’t actually made there.

” data-duration=”01: 32″ data-editable=”settings” data-headline=”American restaurant owners are dumping out Russian liquor. Here’s why” data-index=”idx-5″ data-show-name=”” data-show-url=”” data-source=”CNN” data-uri=”archive.cms.cnn.com/_components/video-resource/instances/h_508453996df5229e0e312ab8cab48d6b” data-video-id=”business/2022/02/27/russian-vodka-dumping-ukraine-orig-jc.cnn” data-video-instance=”archive.cms.cnn.com/_components/video-resource/instances/h_508453996df5229e0e312ab8cab48d6b”>

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American restaurant householders are dumping out Russian liquor. Here is why

CNN’s Nic Robertson breaks down how the sanctions on Russian President Vladimir Putin by the US and the EU could affect relations and impact Putin and the Russian leadership.

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Russia's President Vladimir Putin chairs a meeting on economic issues in Moscow on February 17, 2022.

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How sanctioning Putin will impact Russian management

American families are going to feel the impact of Russia’s attack on Ukraine at the grocery store, gas station and retirement accounts. CNN’s Matt Egan reports.

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How the Russian invasion will impact the US financial system

US stocks plummeted along with markets around the world following Russia’s attack on Ukraine. CNN’s Christine Romans reports on the economic impact of Russian aggression.

” data-duration=”02: 10″ data-editable=”settings” data-headline=”Global markets plunge after Russia attacks Ukraine” data-index=”idx-8″ data-show-name=”” data-show-url=”” data-source=”CNNBusiness” data-uri=”archive.cms.cnn.com/_components/video-resource/instances/h_0fb9bcf6fb61ae1f1ee8e49321a48761″ data-video-id=”business/2022/02/24/markets-oil-russia-ukraine-vpx.cnnbusiness” data-video-instance=”archive.cms.cnn.com/_components/video-resource/instances/h_0fb9bcf6fb61ae1f1ee8e49321a48761″>

A monitor shows the 225-issue Nikkei Stock Average index price plummeting in Chuo ward, Tokyo on Feb. 24, 2022. ( The Yomiuri Shimbun )

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Global markets fall after Russia assaults Ukraine

Reporters covering the Covid-19 vaccine protests in Ottawa, Canada face near-constant harassment from protesters. CNN’s Paula Newton explains what she’s seen on the ground.

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Kamil Karamali

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Gaze: Newshounds confused at Canadian Covid-19 protests

The West showed it was ready to target Russia’s huge energy industry after Moscow ordered troops into parts of eastern Ukraine. Germany plans to halt certification of the Nord Stream 2 gas pipeline. CNN’s Nina dos Santos reports.

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Pipes at the landfall facilities of the 'Nord Stream 2' gas pipline are pictured in Lubmin, northern Germany, on Feb. 15, 2022.

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Gaze: Protesters harass newshounds at Canadian Covid-19 protests

CNN’s Kristie Lu Stout examines the growing economic impact of China’s tough “zero-Covid” policies – from a slump in domestic spending on the Mainland to logistics issues and a “brain drain” of talent in Hong Kong.

” data-duration=”04: 08″ data-editable=”settings” data-headline=”How much longer can China’s economy handle ‘zero-Covid’?” data-index=”idx-11″ data-show-name=”” data-show-url=”” data-source=”CNN” data-uri=”archive.cms.cnn.com/_components/video-resource/instances/h_cdd354a4482118e05e49f4576adeed6b” data-video-id=”business/2022/02/22/china-zero-covid-beijing-winter-olympics-marketplace-asia-hnk.cnn” data-video-instance=”archive.cms.cnn.com/_components/video-resource/instances/h_cdd354a4482118e05e49f4576adeed6b”>

china zero covid beijing winter olympics marketplace asia hnk _00012317.png

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How for loads longer can China’s financial system address ‘zero-Covid’?

The United States Women’s National Team has reached a $24 million settlement over equal pay with US soccer, a historic settlement for the Olympic gold medal and World Cup winning team following years of dispute. CNN’s Alexandra Field reports.

” data-duration=”02: 09″ data-editable=”settings” data-headline=”Big win: $24 million settlement for women’s soccer team after history of unequal pay” data-index=”idx-12″ data-show-name=”The Lead” data-show-url=”https://www.cnn.com/shows/the-lead” data-source=”CNNBusiness” data-uri=”archive.cms.cnn.com/_components/video-resource/instances/h_5c39b3ac9a7378e4c325fcd14fd056de” data-video-id=”business/2022/02/22/us-womens-soccer-equal-pay-settlment-pkg-lead-vpx.cnnbusiness” data-video-instance=”archive.cms.cnn.com/_components/video-resource/instances/h_5c39b3ac9a7378e4c325fcd14fd056de”>

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Fine seize: $24 million settlement for females’s soccer team after history of unequal pay

Donald Trump’s social media app Truth Social is showing error messages on the day of its rollout. CNN’s Oliver Darcy reports on a host of technical issues behind the app, and CNN’s John Avlon and Washington Post’s Karoun Demirjian weigh in on how the glitches could impact its influence.

” data-duration=”04: 06″ data-editable=”settings” data-headline=”Trump’s Truth Social off to a rocky start as errors plague the app” data-index=”idx-13″ data-show-name=”The Lead” data-show-url=”https://www.cnn.com/shows/the-lead” data-source=”CNNBusiness” data-uri=”archive.cms.cnn.com/_components/video-resource/instances/h_f66d14f48ae6414f6b5f3c7ad16b538e” data-video-id=”business/2022/02/21/trump-truth-social-errors-rollout-lead-vpx.cnnbusiness” data-video-instance=”archive.cms.cnn.com/_components/video-resource/instances/h_f66d14f48ae6414f6b5f3c7ad16b538e”>

This illustration photo shows a person checking the app store on a smartphone for

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Trump’s Truth Social off to a rocky originate as errors plague the app

A cargo ship carrying thousands of luxury cars is abandoned in the middle of the Atlantic ocean after a fire forced the crew to escape.

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Portuguese Navy

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‘My automobile is now adrift’: Cargo ship fire imperils thousands of luxurious autos

Hong Kong
CNN Industry

Switzerland, a predominant hub for storing wealth that’s standard by Russian oligarchs, is breaking with its tradition of neutrality to sanction Russia.

The Swiss govt will undertake EU sanctions imposed following the invasion of Ukraine and at as soon as freeze any resources belonging to Russian President Vladimir Putin, High Minister Mikhail Mishustin and International Minister Sergey Lavrov, it acknowledged in a assertion Monday.

“We’re in an unprecedented misfortune,” President Ignazio Cassis instructed newshounds on Monday, consistent with Reuters.

The country will end its airspace to flights from Russia and impose entry bans against a resolution of those who comprise a connection to Switzerland and are end to the Russian president, the government acknowledged.

“Russia’s unprecedented armed forces attack on a sovereign European country become as soon as the deciding ingredient in the Federal Council’s resolution to exchange its earlier stance on sanctions,” it added.

In a retaliatory pass, Russia’s air transport agency introduced Tuesday that it had closed its airspace to Switzerland.

Switzerland had confronted rising rigidity to affix other Western powers and impose sanctions on Russia.

European Fee spokesman Peter Stano acknowledged final week that the bloc anticipated Switzerland to “mutter suit in standing up for defending the principles on which our communities and worldwide locations are basically based mostly.”

Switzerland has lengthy sought to defend neutrality, and the alpine country has hosted various peace talks and negotiations between geopolitical adversaries. It also has a banking industry that caters to many of the sphere’s wealthiest of us.