The first forecasts of a fall in GDP and rising inflation, what will happen to the Central Bank rate and the effect of the American oil embargo The Bank of Russia, having surveyed economists and analysts, published the first assessment of the decline in the Russian economy and rising inflation. According to the experts surveyed, by the end of 2022 we will see a decline in GDP by 8% (this is the maximum since 1998), inflation of 20% and the dollar at 110 rubles.

President Biden, in an executive order Tuesday, banned imports of Russian oil. What does this mean for Russia and the world? What is prohibited? The ban includes Russian crude oil, oil products, liquefied natural gas and coal. US imports of Russian power uranium, whose share in the US market is about 16% (in 2020), were not subject to sanctions. 45 days are given to complete the contract deliveries.

The UK has expanded the sanctions list to include seven more Russian businessmen and heads of state-owned companies. London considers them involved in "destabilizing the situation in Ukraine, as well as undermining or threatening the territorial integrity of the country." The assets of those who fell under the sanctions will be frozen.

IKEA and McDonald's managed by VEB.RF, new sanctions against businessmen and suspension of monetization on YouTube The government is preparing a law that will allow VEB.RF and the DIA to take control of the property of foreign companies that have left Russia. It is assumed that on the basis of this property a new organization will be created, which will then be put up for auction. The European Union imposed sanctions against 14 more Russian businessmen and 146 senators.

YouTube video hosting has completely suspended all monetization functions for Russian users, including Premium, Music Premium, sponsorship, super chat, super stickers and merch. The corresponding notification was received by the authors of the videos from Russia. “This means that YouTube creators will temporarily stop earning revenue from these features in Russia. These changes do not apply to viewers outside of Russia, ” quotes a video hosting message.

The authorities have developed a mechanism for introducing temporary management of Russian property of companies leaving Russia. It is set out in the draft law "On the external administration for managing the organization", which got acquainted RBC with.