Gas prices soar to £8 per therm as West weighs up sanctions targeting Russian energy supplies March 7, 2022 Natural gas prices in the UK and Europe have rocketed from already-record highs, peaking at a staggering £8 per therm earlier today.
Russia to be hit harder than West from impact of sanctions on trade March 7, 2022 Russia will be hit harder in the long term than the West from the impact of sanctions on global trade, said German think tank the Kiel Institute for World Economy. According to a model simulation published alongside the Austrian Institute of Economic Research (WIFO), a trade war with the West – US and Europe – [...]
Anonymous hack Russian TV urging public to oppose Ukraine invasion March 7, 2022 The notorious hacker group Anonymous hacked Russian streaming services last night, including the live TV channels Russia 24, Channel One, and Moscow 24. Taking control of the channels, the group showed clips of the Russian invasion of Ukraine. “The hacking collective #Anonymous hacked into the Russian streaming services Wink and Ivi (like Netflix) and live [...]
Asset manager Carmignac announces plans to scrap Russian investments March 7, 2022 French asset management firm Carmignac announced today it would scrap its Russian investments and not invest any further in Russian firms, as asset managers scramble en masse to sever their ties to the country following its invasion of Ukraine.
PM denies he overruled Mi5 and Mi6 to get Russian billionaire Lebedev a peerage March 7, 2022 Boris Johnson has today flatly denied claims he intervened to get his Russian billionaire friend Evgeny Lebedev a life peerage, after warnings from security services. Johnson said it’s “not the case” he told the independent House of Lords Appointments Commission (Holac) that its assessment the media mogul should not get a peerage – after warnings [...]
Oil hits 14-year highs and closes in on $130 per barrel amid fears of tightening supplies March 7, 2022 Oil prices soared to $130 per barrel earlier this morning - its highest level since 2008 - amid supply fears.
UBS reveals $200m exposure to Russian assets March 7, 2022 Swiss banking group UBS has today revealed it has around $200m exposure to Russian assets and around $10m of outstanding loans to clients hit by western sanctions in response to Russia’ invasion of Ukraine.
Norton Rose Fulbright cuts ties with Russia over ‘brutal invasion’ of Ukraine March 7, 2022 Global law firm Norton Rose Fulbright has confirmed it is shutting down its operations in Russia.
A growing list: TMF Group closes services to all Russian clients March 7, 2022 The TMF Group is to stop services to all Russian clients, it confirmed in a statement. The professional services group joins a growing list of businesses who have halted their operations in the country following its invasion of neighbouring Ukraine. The Amsterdam-headquartered firm said that as people and banks are added to sanction lists, from [...]
International aid: UK pumps an extra $100m into Ukrainian economy March 7, 2022 The UK has injected another $100m (£75.7m) in Ukraine’s economy, to help keep the country’s finances stable as it fends off Russia’s unprovoked invasion. It takes the figure of UK backing to a little over £295m, and is likely to be used to support public sector salaries, critical state functions, as well as to protect [...]