Revealed: Russia pockets £53bn in oil and gas cash since start of Ukraine war with £7.6bn from Germany April 28, 2022 It has been revealed that Germany was the biggest buyer of Russian energy during the first two months of the war in Ukraine A study published by the Centre for Research on Energy and Clean Air (CREA) calculated that Russia has earned £53bn from fossil fuel exports since February 24, the date Russian troops attacked [...]
Explainer-in-brief: Russia’s sanctions a ‘badge of honour’ on 287 MPs April 28, 2022 Russia returned the favour yesterday, sanctioning 287 MPs for playing a key role in implementing sanctions against the Kremlin and for fuelling what Putin’s foreign ministry defines as “Russophobic hysteria”. Back in March, the Foreign Office had imposed 386 sanctions on members of the Russian Duma. Boris Johnson, foreign secretary Liz Truss and defence secretary [...]
Letters: London must wash itself clean April 28, 2022 [Re: Eversheds Sutherland strikes deal with Russian ‘relationship firm’ – made up of ex-employees, yesterday] London is the world’s pre-eminent city for business, but Russia’s illegal invasion of Ukraine has forced British firms to consider their dealings with Kremlin-linked individuals, companies, and organisations. London’s label as a laundromat for questionable funds – Russian and otherwise [...]
Former top executive at Russia’s Gazprombank flees Kremlin’s reach and joins Ukraine’s defence April 28, 2022 A former senior executive at a major Russian bank has fled the country and joined Ukraine’s army. Former vice-president at Gazprombank, Igor Volobuyev, said he “couldn’t stay with those people, shake their hands, watch the war on my phone as if this were a horrible film and pretend I didn’t care. Speaking to Ukrainian media [...]
Chelsea price is a steal – English clubs will be worth $10bn soon, says banker selling club April 28, 2022 The banker running the sale of Chelsea FC says the club would be a bargain even if it fetches £2.5bn, a record price for a sports team. Joe Ravitch, co-founder of US bank the Raine Group, said he expected Premier League clubs to be worth several times more very soon. “My guess is that Chelsea [...]
Putin warns ‘retaliatory strikes will be lightning-fast’ if West intervenes in Ukraine April 28, 2022 Russian president Vladimir Putin has warned the Kremlin’s “retaliatory strikes will be lightning-fast” if the United States or a Nato country intervenes in the Ukraine war. In a television address, he responded to President Joe Biden committing to more military aid to Kyiv continuing to ramp up sanctions on Moscow with European allies. This comes [...]
Ed Warner: Russia ban shows Wimbledon chiefs have backbone – and other sports will take note April 28, 2022 Fans at the Wimbledon Championships aren’t prone to booing, even in the face of a Nick Kyrgios meltdown. And for now they have been spared the challenge to their usual decorum of a Russian or Belarusian player striding onto Centre Court this summer – to the chagrin of the men’s and women’s tours, not to [...]
Chamber boss hits out at City of London for ‘laundromat’ complaints April 28, 2022 The boss of London Chambers of Commerce has hit out at the City of London Corporation today for complaining about London’s ‘laundromat’ label, claiming that questions have “rightly been raised” over the City’s reputation for dirty cash.
The City View: August CEO Mélie Dunod on rethinking holiday home co-ownership April 27, 2022 Today Andy Silvester talks to Mélie Dunod, CEO and co-founder of holiday home co-ownership firm August. She talks us through the company’s inception; why their equity purchase model allows for better and more transparent co-ownership; and the post-Covid re-examination of lifestyle purchases. And in the news: law giant Eversheds Sutherland has re-entered Russia, striking a [...]
Government asks energy company to extend life of coal power units in supply security push April 27, 2022 The government is exploring the possibility of expanding the lifespan of the UK's coal-fired power stations this winter.