Western allies launch a raft of new measures designed to hobble Russia’s economy following its invasion of Ukraine. Sanctions target the country’s central bank and lenders have been cut out of the SWIFT system. The rouble has collapsed to a fresh record low despite Russian central bank efforts. Russian President Vladimir Putin has placed his nuclear deterrent forces on high alert ahead of proposed negotiations with Kiev along the Belarussian border. BP has dumped its 20 per cent stake in Rosneft in protest at the invasion. The move has prompted fears of a $25bn write-down. We are live in Moscow and Przmyśl on the Poland-Ukraine border, with an eye on the humanitarian crisis brewing as Ukrainians flee the fighting.

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