Russia hikes rates to 12 per cent as ruble plummets to lowest level since Ukraine invasion August 15, 2023 Russia’s central bank has raised its key interest rate by 3.5% in a move designed to fight inflation and strengthen the ruble after the country’s currency reached its lowest value since early in the war with Ukraine. The decision to hike the key rate to 12% was announced after an emergency meeting of the bank’s [...]
RAF scrambles jets to intercept two Russian bombers near Scottish islands August 14, 2023 The Royal Air Force (RAF) scrambled jets on Monday to intercept two Russian bombers that were travelling north of the Shetland Islands in Scotland. The incident saw the Russian Tu-142 Bear-F and Tu-142 Bear-J maritime patrol aircraft, used for reconnaissance and anti-submarine warfare, monitored by RAF Typhoons in international airspace as they passed north of [...]
Unilever will look at Russia business with a ‘fresh pair of eyes’ after criticism August 14, 2023 The new chief of Unilever has vowed to look at the company’s decision to operate in Russia with a “fresh pair of eyes,” after it was criticised for continuing to operate in the country. Hein Schumacher, who took over as head of the Dove soap maker in July, made the claim in a letter to [...]
Coca-Cola bottling firm raises outlook on revenue spike as Russia volumes tank August 9, 2023 Coca-Cola HBC AG, the bottling company of the soft drink giant, reported a 19.3 per cent rise in revenues in its half year results as the group raised its outlook for the year. Operating profit for the bottler rose 15.9 per cent to €170m (£146m) as the group said it benefited from price increases in [...]
Russia hit with 25 new UK sanctions as Cleverly warns Putin there’s ‘nowhere to hide’ August 8, 2023 Britain said it is targeting Russian President Vladimir Putin’s access to foreign military supplies by imposing 25 new sanctions on individuals and businesses. Foreign Secretary James Cleverly said the action will “further diminish” Russia’s arsenal and shows there is “nowhere to hide” for those assisting the illegal invasion of Ukraine. Those sanctioned include companies based [...]
Ukraine sea drones attack Russia port damaging ship as Kyiv fightback continues August 4, 2023 Ukrainian sea drones have attacked a major Russian port on the Black Sea, damaging a naval ship, according to a Ukrainian official. It is the latest in a series of strikes inside Russia as Kyiv vowed to bring the fight home to them. Moscow claimed it repelled the attack. The strike on Novorossiysk marks the [...]
Russia hit by drone attacks as Ukraine fights back with buildings hit miles from the Kremlin July 31, 2023 Ukraine attacked Russia with drones on Sunday, damaging two office buildings just miles from the Kremlin and a pig-breeding complex on the countries’ border. The attacks, which Ukraine did not acknowledge in keeping with its security policy, reflected a pattern of more frequent and deeper cross-border strikes the Kyiv government has launched since starting a [...]
Russia claims it shot down a drone from Ukraine as war enters 18th month July 28, 2023 A Ukrainian drone has been shot down near Moscow, Russia’s defence ministry has said. It is the third drone strike or attempt on the capital region this month. There were no injuries or damage, the ministry added. It did not give details about where the drone was shot down on Friday morning, but said it [...]
Bulgaria agrees to send heavy military equipment to Ukraine July 22, 2023 Bulgaria has agreed to provide the Ukrainian army with 100 armoured personnel carriers, marking a turnaround in the Nato member’s policy on sending military equipment to Kyiv following the appointment of a new, pro-Western government. Direct arms supplies were rejected by previous interim governments, appointed by President Rumen Radev. Radev is sympathetic to Russia and [...]
Supermarket fuel margins more than double since Ukraine war July 22, 2023 Supermarkets have more than doubled their margins on fuel since the start of the war in Ukraine, new analysis suggests. The RAC said Asda, Tesco, Morrisons and Sainsbury’s were making an average of around 4.7p per litre on fuel sales when the Russian invasion began in February 2022. The motoring services company found this had [...]