February 28, 2022 (2022-02-28) (Monday)
Armed conflicts and attacks
Business and economy
- 2022 Russian financial crisis
- The Central Bank of Russia (CBR) raises the interest rate from 9.5% to 20%, the highest rate since 2003. The Russian ruble also loses more than a quarter of its value at the beginning of trading, with ranges of 100–120 rubles to the US dollar. (The Guardian) (Reuters)
- The CBR orders all companies receiving foreign currency to exchange 80% of the revenue into rubles, in an attempt to stabilise the market. (Forbes Russia)
- Russia institutes capital controls, banning all trading of Russian securities by foreign legal entities. (Reuters)
- The Moscow Stock Exchange, which did not open for trade on Monday, will remain closed until Saturday, as Russian regulators attempt to contain the selloff of Russian assets and rubles. (The Wall Street Journal) (The Daily Telegraph)
- President Vladimir Putin ordered a ban on transferring hard currency, such as U.S. dollars and euros, abroad, including by servicing foreign debt. Whether this constitutes a debt default is unclear. (Bloomberg)
- 2021–2022 global energy crisis
- An EU subsidiary of Sberbank is declared to be "failing or likely to be failing" by European banking regulators. The bank's assets amount to €13.64 billion. (The Wall Street Journal) (Ekonomichna Pravda)
Health and environment
International relations
Law and crime
Politics and elections
Science and technology
Sports