Centrica considers cutting ties with Gazprom following Ukraine invasion March 1, 2022 UK energy company Centrica is looking at cutting ties with Russian gas giant Gazprom following Moscow’s invasion of Ukraine. The company, which signed an agreement with Gazprom in 2012 and later extended it until summer 2025, has now “entered into discussions with Gazprom about exiting this agreement,” without any impact on UK gas supplies. “We [...]
Oil prices surge as Western sanctions on Russia bite March 1, 2022 Both major oil benchmarks surged today, amid escalating concerns over supply disruptions after Russia's invasion of Ukraine.
Ukraine war boosts Bitcoin and green stocks as crypto helps Russians and oligarchs to get funds out March 1, 2022 Talks in Belarus between the Ukrainian and Russian committees yesterday were overshadowed by the intensifying military fight in Ukraine. Putin, who seems frustrated with the Ukrainian resistance, and the Westerns sanctions imposed sanctions to the West on his turn by closing its airspace to 36 countries and banning its residents from transferring hard currency abroad. [...]
Russia moves towards economic collapse with plunging Rouble March 1, 2022 | City Talk With the slumping Rouble now worth less than one US cent, the Russian economy is on the brink of a collapse. Karl Marx warns ‘history repeats itself, first as tragedy, second as farce.’ Hitler’s Anschluss with Austria is mirroring Russia’s annexation of Crimea, the encroachment in the Donbas with the occupation of the Sudetenland. But [...]
Gazprom exports to Europe down by a third as prices spike across the continent March 1, 2022 Gazprom's natural gas exports outside ex-Soviet Union countries, according to the latest data from the Kremlin-backed gas giant.
Oil and gas rebound as pressure mounts on Russia February 28, 2022 Oil and gas prices are soaring again after the West imposed stiff sanctions on Russian financial institutions yesterday.
Ukraine crisis: what does it mean for asset allocation? February 28, 2022 | City Talk Russia’s invasion of Ukraine, which is having devastating human consequences, has increased the risk of a stagflation environment – one of slowing economic growth but high inflation. How should investors prepare for this possible scenario? Our analysis reveals which asset classes are likely to outperform if it comes to pass. Our live blog on the Ukraine crisis [...]
Editorial: Business should be just business, until it’s much more than that February 27, 2022 ONE assumes it wasn’t supposed to play out quite like this for Vladimir Putin. The Russian President surely anticipated a quick and easy military incursion into Ukraine – a military horribly overmatched, an inexperienced leader, and with the west unwilling to support. It is still so very early, but it does not appear that Putin [...]
Oil markets volatile amid escalating conflict in Ukraine and upcoming OPEC+ meeting February 27, 2022 Oil will begin the week with both benchmarks back below $100 amid escalating conflict in Ukraine, following Russia's brutal invasion of the country.
Shares in Russian steelmaker Evraz surge as profits more than triple  February 25, 2022 Shares in London-listed Evraz soared today after the Russian steelmaking giant beat analysts' estimates with profits of $3.1bn.