US issues seizure warrant for two planes ‘owned and controlled by Roman Abramovich’ worth £320m June 7, 2022 The United States has issued a warrant for the seizure of two jets owned by Roman Abramovich worth £320m ($400m). The ex-Chelsea owner’s $350m Boeing and $60m Gulfstream are now “subject to seizure and forfeiture” owing to violations of export controls set up by Joe Biden, to put pressure on Russia. Both planes were flown [...]
Oil markets volatile as Saudi Arabia hikes crude prices June 7, 2022 Oil prices continued to hover around the $120 milestone, after Saudi Arabia raised its July crude prices amid tightening supplies.
Struggling British chip shops beg Norway for more fish as prices are out of control due to Ukraine war June 6, 2022 British chip shops faced with surging costs plan to turn to Scandinavia and Norway in particular for help to keep prices “as under control as possible”. Chippies are battling rising energy bills along with increased costs of cooking oil, potatoes and fish due to Russia’s invasion of Ukraine. The president of the National Federation of [...]
Russian Army bombs Kyiv as Putin issues final warning to Ukraine over US weapons while Lavrov struggles to fly June 6, 2022 Russia issued another firm warning over the use of Western military supplies by Ukraine while it launched fresh strikes on Kyiv as Vladimir Putin stated that any Western deliveries of longer-range rocket systems would prompt Moscow to hit “objects that we haven’t yet struck”. The Russian leader’s threat of military escalation did not specify what [...]
Germany faces €5bn bill after Russia sanctions Gazprom division June 6, 2022 Russian sanctions against Gazprom Germania could cost Germany an extra €5bn a year to pay for replacement gas supplies.
Energy bills to close in on £3,000 per year this winter June 5, 2022 Energy bills could spike to nearly £3,000 per year in the depths of winter, when energy demand will be at its highest, warned Cornwall Insight.
Oil markets to open high as supply concerns escalate despite OPEC+ boost June 5, 2022 Oil prices will begin trading next week just below the $120 milestone, with expectations of rebounding demand putting pressure on tight supplies.
Alexander Litvinenko: Russian man accused of posioning former spy dies from Covid June 4, 2022 One of the two Russian men accused of poisoning former spy Alexander Litvinenko has reportedly died of Covid. Dmitry Kovtun, who was accused by Britain of assassinating the Kremlin critic in 2006, has passed away at a Moscow hospital, according to reports from the TASS news agency. British citizen Litvinenko had died a number of [...]
EU to ween off Russian oil within six to eight months June 3, 2022 The European Union (EU) has green lit a sixth round of Russian sanctions today, as Ukraine marks its 100th day since Russia’s invasion. “The Council decided today to impose a sixth package of economic and individual sanctions targeting both Russia and Belarus,” the EU Council said in a press release today. The EU plans to [...]
The tonic for Boris Johnson’s ailing leadership may well be boring politics, not Churchillian June 3, 2022 Boris Johnson’s Churchillian love affair is well documented. But facing increasing pressure over his future, the Prime Minister must resist his idol’s playbook for how to govern. When penning a biography of Britain’s wartime hero in 2014, the canny PM knew this would draw instant comparisons between him and the man voted the “greatest Briton”. [...]