Citibank hit with £5m fine for violating UK sanctions on Russia Banking Citibank has been hit with a fine of nearly £5m after regulators found it violated the UK’s sanctions regime on Russia. The Wall Street giant’s London branch was found to have processed £19.7m in illicit transactions spanning 970 payments. The Office of Financial Sanctions Implementation (OFSI) ruled that, in one instance, Citi failed to freeze [...]
Exclusive: Russian ambassador was invited to box at Queen’s Club Wealth The Russian ambassador to the UK was invited to sit in a box at Queen’s tennis club during last week’s 2026 HSBC Championship, City AM can reveal. Andrey Kelin, who has been Vladimir Putin’s chief diplomat based in the UK since 2019, was photographed at the private tennis club in West London during the precursor [...]
UK must ‘urgently’ reopen North Sea drilling amid global volatility Energy Households and businesses will be left even more exposed to geopolitical shocks like the one playing out in the Middle East unless the government “urgently” reopens the UK’s North Sea oil fields to new drilling projects, an industry body has warned. In its annual temperature check of Britain’s energy industry, Offshore Energies UK (OEUK) called [...]