Biden confirms new sanctions on Russia but excludes US military intervention in Ukraine February 24, 2022 US President Joe Biden has confirmed a new set of sanctions, including limiting exports, will be imposed on Russia following the Kremlin’s attack to Ukraine. “This is going to impose severe cost on the Russian economy, both immediately and over time,” he said during a White House press conference. “We have purposefully designed these sanctions [...]
Ukraine: UK to freeze assets of major Russian banks in new sanctions February 24, 2022 All major Russian banks will be shut out from operating in the UK and large Russian firms will be blocked from raising capital in the City in a package of economic sanctions announced by Boris Johnson today, which has been described as the largest ever by a British government. This will include VTB Bank, the [...]
War in Europe kills 50 so far: Ukraine begs EU for urgent air defences while Russian Army conquers Chernobyl February 24, 2022 Ukraine is urging the European Union to urgently provide air defence and anti-missile support, and to use “all means” to jam Russian satelitte signals. The plea for help comes as Ukrainian President Volodymyr Zelensky said Russian forces are trying to seize the Chernobyl nuclear plant, site of the world’s worst nuclear disaster. At the same time, Nato [...]
UK’s Hong Kong visa scheme extended to include ‘youngsters born after 1997’ February 24, 2022 The government has today widened the parameters of its visa scheme for Hong Kong residents who wish to leave the city, following calls saying it had abandoned younger citizens. The British National (Overseas) immigration route was introduced last year to help resettle Hong Kong citizens in the UK, after Beijing’s crackdown on the former British [...]
Ukraine: Starmer says UK must ‘cripple’ Russia with sanctions February 24, 2022 Boris Johnson must “cripple” Russia with stringent economic sanctions and freeze the country out from the global financial system, Labour leader Sir Keir Starmer has said. Starmer said the west needs to make a “clean break with the failed approach to handling Putin” in the wake of the Russian President’s full-scale invasion of Ukraine. Johnson [...]
Johnson: Putin’s ‘barbaric venture’ in Ukraine must ‘end in failure’ February 24, 2022 Boris Johnson has vowed that Vladimir Putin’s “hideous and barbaric” venture into Ukraine must “end in failure” as he pledged that the UK will “always defend” the right of Ukrainians to be a sovereign nation. Speaking to the nation at midday today, Johnson said the UK and its western allies would “agree a massive package [...]
War in Europe: World leaders react to Russia’s invasion of Ukraine February 24, 2022 Western world leaders have been united in their condemnation of Vladimir Putin’s decision to invade Ukraine this morning, with Nato countries preparing to implement a tough package of sanctions against Russia. Boris Johnson this morning said Putin’s invasion was a “a catastrophe for our continent”, with the Prime Minister set to make an address at [...]
Invasion of Ukraine: Asian stock markets plunge while oil jumps and all flights ordered to avoid airspace February 24, 2022 Asian stock markets plunged and oil prices surged after Russia’s President Vladimir Putin announced Russian military action in Ukraine. Market benchmarks in Tokyo and Seoul fell 2 per cent and Hong Kong and Sydney lost more than 3 per cent this morning while oil prices jumped nearly 3 dollars (£2.22) per barrel on unease about [...]
Rishi Sunak to outline argument for tax cuts in keynote speech February 23, 2022 Rishi Sunak will promise to cut taxes in a keynote speech today, with the chancellor to hit out at “flippant” calls for him to slash taxes immediately without considering the effect on planned spending. The chancellor will say at the annual Mais lecture that “I am going to deliver a lower tax economy, but I [...]
Labour: Starmer to take swipe at Corbyn’s economic legacy in Huddersfield speech February 23, 2022 Sir Keir Starmer will further outline what Labour’s economic policies would look like in government and take a shot at the direction of the party under former leader Jeremy Corbyn in a keynote speech tomorrow. Starmer will say that a Labour government will ensure “Britain will once again grow” and “build an economy of prosperity, [...]