PwC announces separation of Russian firm in first Big Four exit March 6, 2022 Pricewaterhousecoopers (PwC) will no longer have a member firm in Russia, with the multinational due to announce its decision tomorrow to separate its Russian company from the rest of its global network in the wake of Putin’s invasion of Ukraine. The move by the Big Four giant will affect 3,700 partners and staff in Russia, [...]
Europe will struggle to cut Russia out of energy plans warn experts March 6, 2022 Europe will find it hard to reduce its reliance on Russian gas, and the continent remains vulnerable to skyrocketing prices, warns experts.
Weekend Explainer: Why has Gordon Brown said Vladimir Putin should face a Nuremberg-style tribunal? March 5, 2022 Today, at an online event hosted by Chatham House, former UK prime minister Gordon Brown called on countries to set up a special tribunal, in line with the model used in the Nuremberg trials, to punish Vladimir Putin over Russia’s invasion of Ukraine. Speaking at the Chatham House event alongside Ukraine’s foreign minister Dmytro Kuleba, [...]
Saturday Sitdown: Credit Suisse’s global investment boss on the dawn of a new world order March 5, 2022 The Russian invasion of Ukraine has accentuated geo-political risks, further fueling volatility on financial markets and unsettling investors. These developments mark a clear shift to a new world order, Michael Strobaek, Credit Suisse’s global chief investment officer, told City A.M. in an exclusive interview. “This new world order will make risk management as well as investing [...]
Wife of Russian on Kremlin’s ‘most-wanted list’ told to pay up for lights at her £22m Surrey home March 4, 2022 A Russian woman whose husband is said to be on “the Kremlin’s most-wanted list” must pay more than £160,000 after being sued by a company that installed fountains and garden lights at her “£22 million” home in Surrey, a judge has ruled. GSL Installations said Elsina Khayrova owed more than £240,000 for work done at [...]
What impact will Russia’s invasion of Ukraine have on oil and gas? March 4, 2022 | City Talk Russia’s invasion of Ukraine is first and foremost a human tragedy. As investors though, our role is to interpret the market implications on behalf of our clients. Here, we consider the impact of the invasion on oil and gas markets. Firstly, it’s important to understand how markets stood before the invasion. Global energy markets were [...]
Calls grow worldwide to drag Vladimir Putin to special tribunal and let Russian president stand trial for war crimes March 4, 2022 Gordon Brown, UK Prime Minister from 2007 to 2010, is urging countries to support the creation of a special tribunal to punish Vladimir Putin for the crime of aggression against Ukraine. He joined Ukrainian foreign minister Dmytro Kuleba at an online event organised by the Chatham House think-tank, where pleas were made for Western nations [...]
Ukraine war turns nuclear as Russian shells fall directly onto Europe’s largest power plant amid heavy fighting March 4, 2022 Fears grow for an explosion as Russian forces are shelling the continent’s largest nuclear power plant, which has reportedly caught fire around 1am UK time. Nuclear plant spokesman Andriy Tuz told Ukrainian television that shells fell directly on the facility, and set fire to a reactor that is not operating and to an administrative training [...]
Kremlin bans citizens from calling for sanctions against Russia after denying plans to institute martial law March 4, 2022 Russia’s Duma has introduced a new law to ban citizens from calling for sanctions to be imposed on Russia, and said those found guilty may be forced into “obligatory labour” for up to three years. Russians who call for sanctions to be imposed on Russia, over its invasion of Ukraine, could face fines of up [...]
Putin warns war will continue ‘until the end’ unless Russia’s terms are met while airstrike kills 22 and talks resume March 3, 2022 At least 22 civilians have been killed in a Russian airstrike on the northern Ukrainian city of Chernihiv, Ukraine said, while Ukrainian forces are battling Russian troops for control of Enerhodar, which has Europe’s largest nuclear plant, the city’s mayor told various media outlets. Meanwhile, Ukraine President Zelensky’s office said this afternoon the second round [...]