Procter & Gamble axes relationship with Kremlin propaganda channel Retail Procter & Gamble is the latest firm to cut ties with a Georgian TV channel after it was sanctioned by the UK and labelled a mouthpiece of the Russian state, City AM can reveal. The giant behind brands including Gillette and Pampers had continued to advertise with Imedi TV despite the company being flagged on [...]
Deutsche Bank hit with six-figure fine in UK for breaching Russia sanctions Banking Deutsche Bank has been slapped with a six-figure fine by the Treasury’s financial sanctions body for processing payments that breached sanctions on Russia. The German multinational investment bank has been handed a £160,000 fine after it was found to have authorised two payments linked to a sanctioned Russian firm between the periods of June and [...]
Government ‘must not delay’ over Abramovich’s £2.5bn Chelsea funds, Tories say Sport Business Shadow chancellor Mel Stride has insisted the government “must not delay taking further action” against Roman Abramovich to unlock £2.5bn held after his sale of Chelsea. The Russian was forced to offload the Premier League club in 2022 after Vladimir Putin’s invasion of Ukraine, with the proceeds of the sale to a consortium led by [...]