Russia-Ukraine conflict to accelerate trend toward de-globalisation, says Goldman Sachs February 27, 2022 The trend toward de-globalisation sparked by the pandemic has been accelerated by the Russia-Ukraine conflict, according to top Wall Street analysts. Countries were already increasingly considering on-shoring supply chains after they were burnt by the Covid-19 crisis disrupting trade flows, according to Goldman Sachs. “No matter where the current crisis goes from here, the damage [...]
Russia central bank pleads with citizens to exercise restraint as lenders brace for SWIFT exit February 27, 2022 Russia’s economy is set to descend into turmoil after an alliance of Western nations over the weekend launched a sweeping set of sanctions to hobble the country’s financial system. The measures prompted Russia’s central bank yesterday to plead with the country’s citizens to exercise calm amid growing concerns among Russian citizens that their money could [...]
BP ditches stake in Rosneft after Russian invasion of Ukraine February 27, 2022 BP will ditch its near 20 per cent stake in Kremlin-backed energy giant Rosneft, following Russia's invasion of Ukraine.
Analysis: UK more bullish on energy sanctions with EU’s Russian dependency raising supply fears February 27, 2022 The West has ramped up sanctions against Russia but only the UK appears eager to push for new limits to Russian energy supplies.
Sport is guilty of shutting its eyes to Russia’s geopolitical ambitions February 27, 2022 Roman Abramovich’s near 20-year ownership of Premier League club Chelsea has been shrouded in mystery and therefore subject to constant scrutiny and speculation. Indeed, until the weekend, it remained unclear why he is there and what he is seeking to achieve. The oligarch has denied having direct links with Vladimir Putin but has been seen [...]
Sources: World’s largest cargo aircraft destroyed by Russian air attack February 27, 2022 Sources have revealed that the world’s largest cargo aircraft, Antonov’s An-225 Mriya, has been burned by a Russian air attack on Kiev’s Hostomel cargo airport. Two Antonov employees told Ukrainian radio Radio Svoboda that Moscow’s attack had burned down the plane, which was parked at the Ukrainian manufacturer’s base. The news, confirmed by the mayor [...]
Ukrainian vice prime minister pleads with Big Tech to shift the tides on Russia war February 27, 2022 Ukraine’s vice prime minister has pleaded with Big Tech companies such as Facebook, Visa, Mastercard and Starlink, to help the country fight against Russia’s invasion. “Mark Zuckerberg, while you create Metaverse – Russia ruins real life in Ukraine! We ask you to ban access to @facebookapp and @instagram from Russia,” vice prime minister Mykhailo Fedorov [...]
Key Yamal-Europe pipeline flows towards Russia again February 27, 2022 Russia’s Yamal-Europe gas pipeline is flowing eastwards away from Europe yet again, after short intermittent westbound flows according to data from German network operator Gascade. It had shipped gas in normal mode – westbound, from Poland to Germany – for around 10 hours overnight, mostly at a scale of 12.6 million kWh/h. According to renominations, [...]
Ukraine and Russian delegations to hold talks on Belarus border as Putin puts nuclear forces on high alert February 27, 2022 Delegations from the Ukrainian and Russian governments will meet on the Ukraine-Belarus border as Vladimir Putin today put his country’s nuclear deterrent forces on high alert. The move to put Russia’s nuclear forces on “special regime of duty” comes after Putin told top officials in a televised meeting that the west’s economic sanctions are “aggressive [...]
Week ahead: Russia-Ukraine conflict to drive market swings in City February 27, 2022 Wild market swings are expected to characterise the week ahead in the City as investors respond sharply to developments in the Russia-Ukraine conflict. Last week, the FTSE 100 registered its worst day in 20 months on Thursday, the day Russian troops flooded into Ukraine, before staging a comeback on Friday to end the week down [...]