Wednesday Afternoon Links

[CNBC] Fed officials plan to shrink the balance sheet by $95 billion a month, meeting minutes indicate

[Reuters] Russia edges close to default on debt, pays bondholders in roubles

[Yahoo/Bloomberg] Russia Credit Insurance Shows 99% Chance of Default Within Year

[Politico] Treasury cracks down on Russia's largest bank, moves to end U.S. investment

[Yahoo/Bloomberg] U.S. to Skip G-20 Finance Chiefs’ Meeting If Russia Takes Part

[Yahoo/Bloomberg] U.S. Stocks, Bonds Sink as Rate-Hike Bets Ramp Up: Markets Wrap

[Yahoo/Bloomberg] Oil Slides With IEA to Release More Barrels From Stockpiles

[Yahoo/Bloomberg] Fed Officials Reinforce Message That Rates Are Heading Higher

[Reuters] White House warns of 'escalating vulnerabilities' to U.S. from semiconductor issue

[Reuters] China's widening COVID curbs exact mounting economic toll

[Reuters] Current COVID vaccines not 'well-matched' against BA.2 -FDA

[Bloomberg] Russian Inflation Heating Up as Prices Jump 10% in 3 Months

[FT] US imposes ‘most severe’ sanctions against Sberbank and Alfa-Bank