Peace? Maybe next time

News for today, Tuesday, March 1

Mastercard has blocked many Russian financial institutes following the sanctions that the Western world has imposed on Russia after the invasion of Ukraine. It also promised to continue working with regulators and donate $2 million to humanitarian aid. Visa has also stated that it is about to ensure compliance with new sanctions and also any additional measures that may happen soon.

Russian aviation is completely banned in the EU and EU aviation is banned in Russia. Lease contracts are about to brake so foreign-owned airplanes will be withdrawn.

Oil prices jump as Ukraine escalation continues. Western sanctions on Russia and plans to get rid of Russian energy sources raise supply concerns, thus crude oil prices surge. Brent crude is 3.1% up, and WTI increased 2.67%. The ceasefire talks between Russia and Ukraine didn’t succeed. The meeting took place yesterday evening and have finished with nothing. Despite the attempts to stabilize the Russia-Ukraine tensions, a huge military convoy has approached Kyiv after the talks have paused.

The price of Brent crude is $101.29, WTI — $98.42, GBP/USD — 1.3426, EUR/USD — 1.1211, and gold costs $1915.00 per ounce.