Kremlin threatens legal action if Russia is forced to default on sovereign debt April 12, 2022 The Kremlin has threatened to sue Western countries if they try and force Russia to default on its sovereign debt. In an interview with Russian newspaper Izvestia, Russian finance minister Anton Siluanov said Russia had “taken all necessary steps” to pay its creditors, after the US Treasury blocked the country from paying its bond holders [...]
How long can Russia withstand the sanctions? April 12, 2022 | City Talk In response to its invasion of Ukraine, Russia has been targeted with severe economic sanctions. How impactful will they be? We have yet to see a serious, data-driven analysis. Some predict the embargo will initiate a Russian financial collapse very quickly, while others expect it will constitute more of a long and slow drag on [...]
Ukraine in shock as corpses are ‘carpeted through Mariupol’ after Russian Army kills 10,000 while fears for chemical weapon grow April 12, 2022 As Russian troops killed more than 10,000 civilians over the past six weeks in their unsuccessful fight to capture the strategic southern port of Mariupol, the city’s major said this morning that corpses are now “carpeted through the streets” of the regional hub. He spoke as western powers warned Tuesday of a continuing build-up for [...]
Bristol e-scooter scheme may be shelved over firm’s Russian investors April 12, 2022 An e-scooter scheme in Bristol may be pulled because the company that operates it has investors with “dubious” ties to Russia. The West of England mayor Dan Norris met the chief executive of £1bn-valued Swedish firm Voi Technology this week, as he vowed to ensure the region is “not linked” with Moscow. Norris said “Voi [...]
Lawyers struggle to get government permission to let sanctioned Russians pay legal fees April 11, 2022 LAWYERS working for sanctioned oligarchs are floundering in their efforts to get paid for their work, due to struggles in obtaining permission from the UK government to let their sanctioned clients pay. The UK government has received 15 separate applications for permission to temporarily lift sanctions so that sanctioned Russian clients are able to pay their [...]
Ukraine’s president Zelensky: ‘Tens of thousands’ are dead in eastern city of Mariupol April 11, 2022 “Tens of thousands” have been killed in the besieged eastern Ukrainian city of Mariupol, the country’s president has claimed. Vlodymyr Zelensky made the remarks while addressing South Korea’s parliament virtually, pleading for more help “if we are to survive” the Russia onslaught. This comes after the Boris Johnson visited Kyiv on the weekend to offer [...]
Tory backbencher calls on government to close ‘loopholes’ letting London firms work for the Kremlin April 11, 2022 Tory backbencher Kevin Hollinrake has called on the government to close the “loopholes” that have allowed UK professional services firms to continue carrying out bankruptcy proceedings on behalf of the Russian state. In a letter to Rishi Sunak, the Conservative party MP accused accountancy giant Grant Thornton, litigation funder Harbour, and London law firm CMS [...]
‘Cosmic’ borrowing costs stop Russian bond sales as debt teeters on brink of default April 11, 2022 “Cosmic” borrowing costs have forced Russia to stop bond sales for the rest of the year, as its debt teeters on the brink of defaulting. Sanctions on the Kremlin continued to bite, as its finance minister revealed drastic action this week. This comes after Western sanctions forced it to pay bondholders in roubles, despite it [...]
Priti Patel condemns ‘eco mob’ for forcing closure of one in three petrol stations in southern England April 11, 2022 Hundreds of environmental activists have taken part in direct action against petrol terminals, causing one in three fuel stations in the south of England to close. Campaigners from Just Stop Oil continued direct action against fossil fuel-linked firms, targeting three major fuel depots in Hertfordshire, Essex and Warwickshire over the weekend. The group said more [...]
UK warns Russia may use phosphorous bombs during assault on besieged city of Mariupol April 11, 2022 The UK has warned Russia may use phosphorous during its continued assault on the besieged city of Mariupol, based on its “prior use” while attacking the Donetsk. In an intelligence statement by the Ministry of Defence, it said previous usage of the chemical weapon “raises the possibility of their future employment”, as fighting over the [...]