Russian tycoon’s ‘anti-anti-suit injunction’ succeeds as Transneft to face $14bn English claim February 26, 2024 The English High Court has ordered Russian state-owned oil pipeline company Transneft to adjourn its legal proceedings in a Moscow court. The oil company is facing a $14bn lawsuit in London after Russian tycoon Ziyavudin Magomedov launched the case last year against the oil company, DP World and Russian state-owned agencies. Magomedov launched the legal [...]
Sunak pushes for more seizures of Russian assets in UK to aid Ukraine February 25, 2024 The prime minister has said the UK “must be bolder in seizing hundreds of billions in assets".
Charles praises ‘determination and strength’ of Ukrainians on war anniversary February 24, 2024 King Charles has praised the “determination and strength” of the Ukrainian people in a message marking the second anniversary of Russia’s invasion. In a message released by Buckingham Palace, Charles said he was “greatly encouraged” by the UK’s efforts to support Ukraine and commended their “true valour”. Saturday marks two years since the Kremlin launched [...]
US and EU pile new sanctions on Russia February 24, 2024 The United States and the European Union have heaped new sanctions on Russia on the eve of the second anniversary of its invasion of Ukraine and in retaliation for the death of noted Kremlin critic Alexei Navalny last week in an Arctic penal colony. The US government imposed roughly 600 new sanctions on Russia and [...]
Labour demands Truss and Anderson lose whip as pair rebuked by senior Tory February 24, 2024 Labour has called for Liz Truss and Lee Anderson to lose the Conservative whip over media appearances that also caused anger within Tory ranks. In a letter to Prime Minister Rishi Sunak on Friday, shadow paymaster general Jonathan Ashworth said “egregious” remarks made by the pair “cannot go unchecked or unchallenged”. Truss had used a [...]
Ofgem drops retail energy price cap to lowest level in two years in boost for households February 23, 2024 Despite welcoming the price cap drop, Ofgem's head has said there are still "big issues" to be tackled
Who is buying London’s mansions? 60 per cent go to wealthy buyers from four countries February 23, 2024 The super-prime market in London is booming. More mansions in the capital are being sold, for higher prices, to an increasingly international base. In 2023, sales of super-luxury new-build London apartments rose by 137 per cent to an average of £4,306 per square foot, according to Beauchamp Estates. Supply of luxury houses has also been boosted by an influx [...]
Bill Browder: How the UK should punish Putin for Navalny’s death February 22, 2024 The UK government must confiscate Russian central bank assets and do “everything in its power” to force the release of imprisoned British-Russian campaigner Vladimir Kara-Murza following the death of Alexei Navalny, one of Putin’s fiercest critics has claimed.
Alexei Navalny: UK government under fire for ‘pathetic’ response to Putin critic’s death February 21, 2024 A senior Tory MP has called on the government to go “a lot further” in punishing Putin today after ministers sanctioned prison officers at the Artic jail where Alexei Navalny was killed.
Citigroup raises Scottish chief Jane Fraser’s pay to £20.6m while slashing 20,000 jobs February 21, 2024 Citigroup has handed its Scottish chief executive Jane Fraser a six per cent pay rise to $26m for 2023, citing her bold plan to overhaul the Wall Street bank.