European stocks fell today at the start of trading, as the announcement of weak economic results came to add to fears of the Ukrainian crisis.
The pan-European STOXX 600 index fell 0.5% at 10:27 Greek time. The rise in shares of mining companies as well as oil and gas was offset by losses in the travel and leisure sector.
Shell shares rose 0.4% after the energy giant announced it would retire from all operations in Russia, including a large liquefied natural gas plant. Its share fell by 1.4% in the previous session.
Mastercard and Visa block transactions from Russia
Mastercard Inc. announced late Monday that it had excluded many financial institutions of Russia from its payment processing network under sanctions imposed on Moscow over the invasion of Ukraine by the Russian armed forces.
Mastercard stated that it will continue to work with regulators in the near future in a press release. He also promised to donate $ 2 million to provide humanitarian assistance to the victims of the conflict.
Visa followed up with a statement saying it was taking steps to ensure compliance with the sanctions and would also comply with any additional sanctions that may apply.
On Saturday, the United States and its allies announced that they would take action against the Russian central bank and exclude many of the largest Russian banks from the international payment system of the Swiss company SWIFT. On Monday, EU sanctions were imposed on Russia’s central bank.
Oil: Less than $ 100 a barrel
Oil prices are hovering below $ 100 a barrel, following the US decision to launch part of its strategic stocks.
The ruble is stabilizing after yesterday’s sharp devaluation. At 100: 1 the exchange rate with the dollar.
Follow Skai.gr on Google News
and be the first to know all the news
