Grab ’em by the Porsche: EU plans to confiscate and sell Russian oligarchs’ cars, villas and other assets May 25, 2022 The EU’s executive body, the European Commision, is planning to roll out proposals to allow EU countries to confiscate assets belonging to Russian oligarchs, and then to sell them off. Assets that are currently frozen by authorities across EU member states should be sold, rather than merely frozen, two EU officials told the publication Politico. [...]
Ukraine’s Zelenskiy says he is prepared to meet Putin, but no other Russian official May 24, 2022 Ukrainian President Volodymyr Zelenskiy has said that President Vladimir Putin was the only Russian official he was willing to meet with to discuss how to end the war. Watch the full report.
Watch: Russians forced to rethink summer travel plans as sanctions and anti-Russian sentiment bite May 24, 2022 Russians are rethinking their summer travel plans abroad amid rising prices and fears of growing anti-Russian sentiment. Watch the full report.
Conference firm Hyve has £11.5m pre-tax loss as exit from Russia and insurance proceeds dent recovery May 24, 2022 Conference-organising firm Hyve had a pre-tax loss off £11.5m due to the impact of the ongoing war in Russia and declining insurance proceeds. The exhibition company brought in £58.6m in six months to the end of March this year, more than ten times the previous 12 month’s intake. It did however complete its exit from [...]
Top Russian diplomat at the UN resigns: ‘Never have I been so ashamed of my country’ May 23, 2022 Russia’s Counsellor to the United Nations mission in Geneva has resigned saying “never have I been so ashamed of my country” because of the war in Ukraine. In a strongly-worded letter, Boris Bondarev quit his job saying it was “long overdue”, but after a 20-year career he was leaving the diplomatic service. He wrote he’d [...]
Post Office and British Gas team up to offer free debt advice to those struggling with bills May 23, 2022 The Post Office has teamed up with British Gas to offer direct help to those struggling to pay energy bills amid the cost of living crisis. ‘Stop the Silence Pop-Ups’ will appear during the next three weeks across UK cities, giving people worried about their debts free practical and financial advice. Starting on Monday, the [...]
Starbucks follows McDonald’s and announces formal end of ‘brand presence’ in Russia May 23, 2022 Starbucks has formally quit Russia due to the war in Ukraine saying it no longer has a “brand presence” in the country. The coffee giant announced the suspension of all its operations in early March, including the shipments of all its products there. It has roughly 2,000 employees in the country. This comes after many [...]
Ukraine will seek compensation for environmental damage caused by Russia’s invasion, Kyiv says May 22, 2022 The Ukrainian government will seek compensation from Russia for the environmental destruction it has caused through its invasion of Ukraine, the country’s environment minister has said. Ukraine will pursue Russia through international courts in its efforts to claim compensation for the huge damage to Ukraine’s environment caused by missile strikes on oil refineries and fighting [...]
Food as a weapon: Russia accused of withholding grain for millions to ‘break the spirit of Ukraine’ May 20, 2022 Russia has been accused of ‘weaponising’ food and holding grain for millions of people around the world hostage to “break the spirit of the Ukrainian people”. US Secretary of State Antony Blinken told a UN Security Council meeting called by the United States that the war has halted maritime trade in large areas of the [...]
McDonald’s agrees to sell its stores in Russia and warns of $1bn exit loss May 19, 2022 Fast food giant McDonald’s has agreed to sell its Russian stores across 45 regions – but warned it is likely to make a $1bn loss. The chain announced it entered into an agreement with an existing licensee Alexander Govor, who has operated 25 restaurants in the eastern region of Siberia since 2015. This comes after [...]