The most significant departures are from Russia's biggest money-maker: the energy sector:

- Shell is exiting a partnership with Russia's Gazprom in a move that could cost the oil major some $3B.

- That follows a similar plan by BP, which announced it's divesting from Rosneft, a decision that will result in a $25B writedown.

- Norway's $1.3T sovereign wealth fund is unloading $3B-worth of shares in 47 Russian companies and other assets.

Independent oil industry analyst Neil Atkinson joined us from Paris to discuss how the departures of oil companies could impact Russia's industry.

#RussiaEconomicSanctions #OilFirmsExitRussia #RussiaOilSupply

Western sanctions are already having an effect on Russia, with the currency, the ruble, in freefall. In early trading on Monday it fell almost 40 percent. It's of course left locals worried their money will be worth less and less. Tayyibe Aydin reports.

#Ruble #RussiaBankQueues #RussianConsumers

Western businesses are scrambling to disentangle themselves from the Russian economy, which is growing increasingly isolated due to Western-led financial sanctions. Payments giant Mastercard says it's blocked several Russian banks from its network due to the restrictions by the US and Europe. Tech giants are also taking a stand, led by Facebook and Instagram owner Meta. It's restricting access to state-owned Russian media channels RT and Sputnik. That follows a similar move by China's TikTok. But the most significant departures are from Russia's biggest money-maker: the energy sector.

Susannah Streeter is an investment analyst at Hargreaves Landsdown in Bristol. She joined us to discuss implications of the sanctions on Russian economy.

#SanctionsonRussia #RussiaUkraineWar #BusinessesExitRussia

European markets are falling sharply as investors digest news of mounting sanctions on Russia, a major oil exporter and the world's 11th largest economy. French and German shares are down by the most, with benchmarks there losing around 3%. Wall Street stocks are also set to open with steep losses when trading begins in the US on Monday. Russia's growing economic isolation has also sent its currency, the ruble, crashing by around 30%. Meanwhile, China has come out against Western restrictions, calling them illegal.

Cornelia Meyer is an economist and independent oil industry analyst, and joined us from Bern in Switzerland.

#RussiaUkraineWar #EuropeanStockMarkets #ChinaRejectsSanctions

Oil prices have shot up amid mounting sanctions on Russia, one of the world's largest oil exporters. International crude benchmark Brent is back up above $100 a barrel. Around a tenth of the world's crude comes from Russia. The reliability of that supply is now in doubt due to the latest round of economic penalties. Those include the removal of Russian banks from the global payments messaging system known as Swift, as well as restrictions on the central bank in Moscow. Russia's growing economic isolation has also sent its currency, ruble, crashing by around 30%.

Han Tan joined us live during the programme. He's the chief market analyst at the Exinity Group in Abu Dhabi.

#RussiaUkraineWar #RussiaEconomicSanctions #OilMarketImpact

The US, Australia and other countries have announced another round of sanctions on Russia. The EU has also shared more details about restrictions announced on Thursday. How far-reaching will the impact of the sanctions be on the people of Russia, and the rest of the world? Our senior business producer Paolo Montecillo explains.

We are also joined by Alexander Titov: Queen's University Belfast Lecturer.

#RussiaUkraine #Sanctions #EconomicImpact

Russia has started an assault on Ukraine by air, land and sea. Russian cruise missiles and artillery hit targets across the country Thursday morning. We took a look at how the markets around the world are reacting to this Russian offensive. Osama Rizvi is an energy analyst at Primary Vision and joins us from Lahore.

#RussiaUkraine #WarEconomy #OilPrices

Victoria Scholar; Head of Investment at Interactive Investor, tells us how markets around the world are reacting to Russian attacks on Ukraine.

#RussiaUkraine #RussianInvasion #GlobalMarkets

The Turkish Treasury has recently raised $3B from the sale of the IOUs, which are known in the industry as Sukuk. These securities are a cross between debt and equity, and allow companies and governments to raise money from investors without charging interest, which is prohibited under Islamic rules. We spoke to experts at global debt-watcher, Fitch Ratings, who helped explain the intricacies of Islamic finance and why even non-Muslim majority countries are jumping into the growing market.

#IslamicFinance #Sukuk #IslamicBonds

Russia and Ukraine have long been at loggerheads. And squaring-off with its larger neighbour has cost Kiev dearly. Russian troops were first detected massing near the Ukrainian border in November. That's added to volatility in energy prices that are hurting consumers in small and large markets.

For more, Ellen Wald joins us from Jacksonville, Florida. She's the president of the energy consulting firm, Transversal.

#RussiaUkraine #RussianInvasion #EnergyPrices