The latest round of Western sanctions against Russia over its invasion of Ukraine are beginning to pinch the country's economy, economists have suggested.

MORNING SQUAWK EMEA Wednesday December 28 2022 AS OF WED, DEC 28, 2022 • 10:15 ET S&P 500 Close 3,829.25 -0.40% -15.57 S&P 500 Futures 3,863.50 +0.22% +8.50 Nikkei 255 26,340.50 -0.41% -107.37 New sanctions starting to bite Russia's economy as Moscow admits deficit impact The latest round of Western sanctions against Russia over its invasion of Ukraine are beginning to pinch the country's economy, economists have suggested.   More » China to scrap quarantine for international travelers in an essential end of zero-Covid China announced Monday that starting Jan. 8, 2023, travelers will no longer need to quarantine upon arrival on the mainland. More » Tesla's stock is headed for its worst month, quarter and year on record Tesla shares slid 11% on Tuesday with investors continuing to flee the electric vehicle maker and CEO Elon Musk. More » S&P 500 closes lower, Nasdaq sheds 1% as bond yields pop Investors are deliberating whether a Santa Claus rally will appear and lift a market weighed down by recession fears. More » Will 2023 be a better year for the chip sector? Wall Street pros weigh in and share their top picks It's been a difficult year for the once-booming semiconductor sector. Wall Street analysts give their take on whether it'll return to being a hot favorite. More » TODAY'S GUEST HIGHLIGHTS ON CNBC All times in CET 07:30 Chintan Patel CTO, Cisco UK CISCO 08:00 Shelby McFaddin Investment Analyst, Motley Fool Asset Management Strategy 08:30 Pete Gladwell Group Social Impact and Investment Director, Legal & General Eco Homes Unsubscribe Digital Products Manage Newsletters Feedback Terms of Service Privacy Policy Join the CNBC Panel © 2022 CNBC LLC. All rights reserved. A property of NBCUniversal.   900 Sylvan Avenue, Englewood Cliffs, NJ 07632   Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis.   Data also provided by THOMSON REUTERS