Notes Today: 

 

• Bank of Russia raises key rate to 20% from 9.5% in emergency measure.
• Russia bans foreign clients from selling their securities, effective immediately - TASS 
• Moscow  Stock Exchange won't open as scheduled..

• Reuters reports that the Bank of China's Singapore division has 'stopped financing deals involving Russian oil and Russian companies

• Rapid change in Germany! Decades of security policy changed in a day, and now seriously considering extension of nuclear power plants. 

• Swiss President Ignazio Cassis says it's "very probable" that Switzerland will follow the European Union on Monday in sanctioning Russia and freezing Russian assets.  

• EU shuts down airspace to Russia 

• BP to offload 20% stake in Rosneft 

• EU  imposes sanctions on Belarus, bans petroleum imports, sharing technologies. 

• Brazil’s Bolsonaro won’t condemn Putin.

• Russian Forex Reserves (Probably quite useless because of sanctions)