The US and its allies dealing Russia another financial bloke.

And the international backlash against Russia is growing, with the energy giant BP exiting

its nearly 20% stake in the country's Kiwil company, Rosneft.

Delta Air has cut ties with Russia's national airline as the fallout from Russia's

invasion of Ukraine spreads to Eritrea.

FedEx and UPS have also suspended all shipments into the country.

Breaking news that we've just received the Swiss say they will adopt and implement the

EU sanctions on Russia.

That's a huge move because Switzerland, of course, traditionally remains neutral at all times

in all conflicts.

The impact of these unprecedented sanctions is already hitting Russia.

The economic fallout from sanctions is really hitting.

The stock market is now closed because they feared a crash interest rates have now been

hyped to deal with the plummeting rubles.

There are concerns ATMs will actually run out of foreign currency.

And this coordinated package of sanctions came together quickly.

So there was absolute frantic efforts to coordinate across capitals over the weekends to get

these measures in place as quickly as possible.

That's our colleague Lawrence Norman.

Constant phone calls between Brussels, London and the US, the Japanese were working up in

the middle of the night by US officials saying, come and you've got to work with us and

make sure that we're aligned on this.

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