The dollar rose in value to 130 rubles in international trading, Coca-Cola will suspend business in Russia, PepsiCo will refuse drinks and advertising – these and other important news for Wednesday morning, March 9, in our daily review.

U.S. businesses have been asking U.S. President Joe Biden since early March not to ban uranium imports for nuclear power plants from Russia in response to its military special operation in Ukraine, Reuters wrote. In the end, uranium imports were indeed not banned – unlike oil, petroleum products, gas and coal.

The United States failed to organize phone conversations between Biden and the actual leaders of Saudi Arabia and the United Arab Emirates (UAE) on the eve of the decision of the States to impose an embargo on Russian oil. This was reported by The Wall Street Journal, citing officials in the United States and the Middle East.

The Russian ruble was quoted at international currency trading at 130 rubles per dollar, while the euro is quoted at 142.3 rubles. The Russian currency is likely to continue losses in major trading, Bloomberg writes.

Rivian Automotive shareholder Charles Larry Crews sued the company. In his lawsuit, he accused the company that the one at the IPO concealed from investors that underestimated the value of its electric cars. It raised prices on them in early March but rolled them back, Reuters reported, citing a lawsuit filed by Crews in the Northern District of California court in San Francisco.

The Bank of Russia allowed withdrawals of no more than $10,000 from foreign currency accounts and deposits from March 9 to Sept. 9. The Central Bank also imposes a ban on cash currency sales by banks to Russians for this period, the regulator said in a statement.

The Coca-Cola Company announced that it temporarily stops its business in Russia. This is stated in a statement of the company, published on its website. PepsiCo stops advertising activities and sale of drinks in Russia, Reuters writes.