Money Talks

The price of oil has jumped to its highest level since the 2008 global financial crisis. That's amid reports that the US and Europe are considering their toughest sanctions yet: a ban on Russian oil and gas imports. The sale of fossil fuels is Russia's most important industry. A boycott would starve Moscow of the revenues that account for more than a third of its spending.

Han Tan, chief market analyst at the Exinity Group joined us from Abu Dhabi.

#RussiaAttacksUkraine #OilPrices #RussiaSanctions

The increasingly severe sanctions imposed by the West have plunged Russia's currency to record lows, and put the country's financial system under intense pressure. Desperate to save their earnings, many Russians are rushing to get their cash out of banks, while they still can.

Alexander Titov, a Russia affairs analyst and a lecturer at Queen's University Belfast joined us during the programme. He shared his thoughts on how sanctions could impact ordinary Russians.

#RussiaAttacksUkraine #RussiaEconomicSanctions #RussiaInflation

It's not unusual for global markets to take a hit during times of conflict, but right now its energy markets that are in a tailspin, especially oil and gas prices, which are soaring as Western powers look to block Russian shipments.

We were joined by Greg Newman, CEO of Onyx Capital Group in London. He explained us how significant is Russia, as a global supplier of oil and gas.

#RussiaAttacksUkraine #EnergyPrices #OilMarket

The conflict in Ukraine is also threatening global food supplies at a time when the prices of wheat, corn and other grains had already been soaring. Ukraine and Russia are among the world's biggest suppliers, and the conflict between them has brought exports to a halt. Adama Munu reports.

#RussiaAttacksUkraine #GrainPrices #WheatExport

As we've heard, international sanctions and capital controls are creating cash shortages in Russia. And conditions are similar across the border in Ukraine, where the central bank has imposed limits on cash withdrawals. That's driving many people in both countries to invest in cryptocurrencies. But could cryptos really prove to be sanction-proof?

#RussiaAttacksUkraine #SafeHavens #Cryptocurrency

International businesses had been pouring money into Russia following the collapse of the Soviet Union in 1991. But Moscow's attack on Ukraine has reversed this three-decade trend. The US, EU and other world powers have piled economic sanctions on Russia, triggering an exodus of companies from the country. The growing list of those reviewing their operations includes dozens of international businesses from auto manufacturers to shippers and media giants.

#RussiaAttacksUkraine #EconomicSanctions #CorporateExodus

Global stock markets are deep in the red as the Russian military drives deeper into Ukrainian territory. Asia's biggest benchmarks, those in Japan and Hong Kong, are both down more than 2%. That's about the same for shares in Germany, France and the UK. US stocks are also set to extend losses from overnight. The latest development to spook investors is Russia taking control of a Ukrainian power plant, which the biggest in Europe.

#RussiaAttacksUkraine #Zaporizhzhia #StockMarkets

AJ Bell financial analyst Danni Hewson joined us from Huddersfield, UK for more.

Authorities in Kiev say a meltdown there would be far worse than the Chernobyl nuclear disaster in the 80s.

Though there is some relief for consumers.

The price of oil has climbed to its highest in almost a decade. That's due to persistent fears of the global economy losing access to crude from Russia, one of the largest exporters of the commodity. The international benchmark Brent has risen more than 3.5% to reach $116 a barrel. The last time oil was that expensive was in August 2013.

Earlier, I spoke to David Madden, market analyst at Equiti Capital in London. He talked about the effect of private firms starting to avoid Russian oil and what that's doing to global supply levels.

#RussiaAttacksUkraine #SanctionsonRussia #OilPrices

Oil prices are soaring yet again, further amplifying the global economic toll of Russia's attacks on Ukraine. The price of Brent crude has shot up by 7% to top $110 a barrel, the highest since July 2014. That's as investors worry that Western governments will soon buckle under the pressure, and impose sanctions on Russia's energy sector. Paolo Montecillo reports.

#RussiaAttacksUkraine #SanctionsonRussia #EnergyPrices

The UK government is working on an extensive list of Russian oligarchs who will be subject to additional sanctions. Downing Street's already imposed restrictions on several businesses and billionaires with links to the leadership in Moscow. Those people will be unable to travel to the UK, and any UK-based assets will be frozen.

Vicky Pryce, a board member at the Centre for Economics and Business Research, joined us from London.

#RussiaAttacksUkraine #UKSanctionsRussia #OilPrices