US-based mineral exploration company KoBold Metals said on Thursday it is ready to start drilling for nickel and other raw materials used in electric vehicles, amid skyrocketing prices brought about by Ukraine-related sanctions on Russia.

The globe’s three major credit rating agencies – S&P, Fitch, and Moody’s – withdrew ratings on Russia and Russian entities on Friday in order to comply with Ukraine-related European Union sanctions imposed on the country.

Britain has lifted transport bans that threatened to detain the businessmen’s yachts and planes The UK has amended sanctions against Russian billionaire Oleg Tinkov and Roman Abramovich’s partner, Millhouse CEO Eugene Shvidler, lifting transport restrictions that threatened to detain the yachts and planes of the businessmen, an updated sanctions list shows.