The United Kingdom is ready to guarantee loans of up to $500 million to support Ukraine and mitigate the economic consequences of Russian aggression. Italy is ready to allocate 110 million euros.

The rate on access operations to provide liquidity was raised to 14.5 percent from 11.25 percent and the rate on access operations to withdraw liquidity - to 12.5 percent from 9.25 percent.

Western countries denounced the Russian incursion, launched as the U.N. Security Council was debating the prospect of intervention, and pledged to introduce tough punitive measures on the Kremlin.

The agency said that the CIS sovereigns could be affected given their economic, financial and energy ties with Russia, as well as their generally weak liquidity and external positions.

Krivenko achieved incredible success by focusing his supermarket chain on healthy and responsibly sourced products, as well as local producers. With more than 1,000 stores across Russia, the chain is now among the top-10 food retailers and continues to expand rapidly.

In 2021, gross domestic product (GDP) grew by 2.3 percent after contraction by 0.9 percent in 2020.