On Friday, the United States prohibited the exportation, re-exportation, sale, or supply, directly or indirectly, from the United States, or by a United States person, of US dollar-denominated banknotes to the Russian government or any person located in Russia. The White House is ramping up economic pressure on Russia over the war in Ukraine.

Brussels plans to propose phasing out Russian fossil fuels to improve European energy security The European Commission is planning to unveil, before its summit in May, a set of proposals for abandoning Russian gas, oil and coal, the head of the European Commission Ursula von der Leyen said on Friday.

Marriott International has paused opening new hotels and investing in the country Hotel chain Marriott announced on Thursday that it has decided to suspend all future hotel development and investment in Russia due to the situation in Ukraine. Existing hotels in the country will continue to operate.