Dear Customers,

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Ukraine has been successfully fighting for its freedom for the fifth day in a row. No fear, no illusions, no confusion. Only anger and dedication to the central goal – protect our land.

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Civilian districts of Kharkiv and Chernihiv were under BM-21 “Grad” attack today. Dozens of civilians are dead, and hundreds are injured. This is a war crime. Well-documented crime. Ukrainian Army heroically protects civilians and fights with the aggressor by all available means.

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However, we are not alone in this fight – here are just a few consequences for Russia:

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• EU and US imposed SWIFT ban for the set of Russian banks (including Central Bank)
• EU and Canada closed skies for Russian planes
• Ruble (Russian national currency) collapsed in just one night (-40% officially and -80% on the black currency market)
• The Bank Rate of the Russian Central Bank is now 20%
• London-traded Russian companies plunge as much as 50-70% on tightening sanctions

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All this (and many more other effects of the implicated EU and US sanctions) turns the life of regular Russian citizens into a nightmare. They now feel all the consequences of the WAR on their wallets and daily comfort (now turned into total discomfort).

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Here, in the west of Ukraine, VITech is preparing some of our office spaces in Lviv and Ivano-Frankivsk to accommodate refugees. None of the company’s employees have been injured so far – all alive and safe.

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Still, there are no issues with the Internet or Power Supply in Lviv and Ivano-Frankivsk; thus, the VITech team continues to provide services to our customers.

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We will keep you updated on the further situation development.

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Glory to Ukraine!

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VITech management team.

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#standwithukraine

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