Bank of England should use Russian reserves to repair Ukraine economy March 27, 2022 The Bank of England should use the Russian central bank’s frozen reserves held at Threadneedle Street to help rebuild the Ukrainian economy. That’s according to the head of Ukraine’s central bank who today urged governor Andrew Bailey and co to allocate the around £21bn of sanctioned assets to repairing the damage inflicted on Ukraine’s cities [...]
Truss: UK could lift Russia sanctions if Putin withdraws from Ukraine March 27, 2022 The UK could lift its set of crippling economic sanctions on Russia if Vladimir Putin withdraws his troops from Ukraine and promises to commit “no further aggression”, foreign secretary Liz Truss has said. Truss said last night that an “off ramp” could be offered to Putin if he stops his invasion of Ukraine, but that [...]
UK minister says Russian regime change ‘up to Russian people’ in Biden rebuke March 27, 2022 Education minister Nadhim Zahawi has said it is “up to the Russian people” whether or not they remove Vladimir Putin in an apparent rebuke of Joe Biden’s comments in Poland yesterday. The US President said last night in Warsaw that Putin “cannot remain in power”, before White House officials quickly backtracked and said Biden was [...]
UK Government detains jets of Russian oil tycoon Eugene Shvidler March 26, 2022 The UK Government announced today it has seized two jets belonging to Russian oil tycoon Eugene Shvidler as part of its crackdown against Putin’s allies. Transport secretary Grant Shapps said the two planes, impounded at Farnborough and Biggin Hill airports for the last three weeks, would be “detained indefinitely.” “Putin’s friends who made millions out [...]
21m German retirees in line for hefty pension increase this year thanks to higher wages and inflation March 26, 2022 German retirees will get a hefty pension increase this year, largely as a result of higher wages in Europe’s biggest economy as inflation climbs sharply, the government said. The German labour ministry said pensions will increase by 5.35% in the former West Germany on July 1 and by 6.12% in the formerly communist east. There [...]
Putin should be very worried about evaporating support at home, says UK’s former ambassador in Moscow March 26, 2022 Russia has become a “despicable tyranny” under the rule of Vladimir Putin, according to the UK’s former ambassador to Moscow. Sir Andrew Wood was commenting on news of the jailing of Russian opposition leader Alexei Navalny for nine years on fraud charges in what has been described as sham trial. Wood also claimed rising numbers [...]
Business of Space: Can the relationship with Roscosmos ever be repaired? March 25, 2022 This week: Isotropic Systems on track for first commercial launches Space cooperation between Russia and Europe “destroyed” OneWeb goes on deal-making spree Isotropic Systems Satellite firm Isotropic Systems is on track for its first commercial launches this year, following the final successful round of testing its multi-link satellite tech. The ground terminal provider has developed technology which [...]
Putin calls out cancel culture for targeting JK Rowling and now Russia March 25, 2022 Russian President Vladimir Putin has given a meandering speech calling out cancel culture in the West for targeting JK Rowling and Russia.
Sanctions bite London listed Petropavlovsk as shares slide 12 per cent March 25, 2022 London listed Petropavlovsk has said it is unable to sell gold or repay a loan because of Gazprombank's inclusion on the UK’s sanctions list.
Bitcoin and Ethereum undeterred by Moscow’s sabre-rattling over crypto payments March 25, 2022 This morning, the price of Bitcoin was holding firm above $44,500 - a move upwards of three per cent over the last 24 hours.