Russia’s Gazprombank requests $288m repayment from gold producer Petropavlovsk April 20, 2022 Russian gold producer Petropavlovsk has received a request from Gazprombank for an immediate repayment of $288.1m. Gazprombank, which has been heavily sanctioned by the UK government amid the war in Ukraine, has demanded repayment of some $201m for a term loan. The company has also requested repayment of approximately $87.1m, due under the group’s Russian [...]
Petra Diamonds posts sparkling revenue as demand and price surge April 20, 2022 Revenue was up 33 per cent to $140.6m for Petra Diamonds, as the price of diamonds spike by over 30 per cent from 2021.
UK to give more artillery to Ukraine as Russia starts new offensive April 19, 2022 The UK will give more artillery to Ukraine’s army to help them fight off Russia’s new offensive in the country’s East. Boris Johnson today said the “urgency was greater” to arm Ukraine in light of Russia’s new push in the Donbas, while adding that the war “will become an artillery conflict, they need support with [...]
Powering the revolution: Does the private sector have the appetite for an energy overhaul? April 19, 2022 City A.M. looks at whether the private sector help fund the government's ambitious targets to ramp up domestic energy production.
Cost of living crisis to throttle UK economic growth, IMF warns April 19, 2022 A historic cost of living crunch that is being stoked by Russia’s invasion of Ukraine and strict lockdowns in China will disrupt Britain’s road to recovery, fresh forecasts published today by the world’s economic watchdog revealed. UK households are set to slash spending in response to rampant inflation eroding their living standards rapidly, choking growth [...]
Oil prices plummet as demand dips and inflation runs rampant April 19, 2022 Oil prices dropped amid growing expectations of reduced demand, with the IMF cutting its economic growth forecasts.
The City View: Michael Hewson on Germany’s Russian energy oversights and Merkel’s legacy April 19, 2022 Today Andy Silvester talks to Michael Hewson, Chief Markets Analyst at CMC Markets. They go through the latest IMF forecasts, which included downgrades and the worst growth forecast in the G7 for the UK; Germany’s exposure to energy price fluctuations, the mounting pressure to reduce its dependency on Russian oil and gas, and Angela Merkel’s [...]
Crypto mining could help Russia evade sanctions, IMF warns April 19, 2022 Crypto mining could enable sanctioned Russians evade punitive restrictions researchers from the International Monetary Fund said.
Treasury revokes Moscow Stock Exchange status as ministers look to cut off funding April 19, 2022 The Treasury has announced plans to revoke the Moscow Stock Exchange’s recognised status today as ministers look to further cut off funding from flowing into Russian firms.
Putin stamps out foreign listings for Russian firms April 19, 2022 Russia is set to stamp out foreign listings for homegrown firms as Putin looks to close ranks in the wake of the invasion of Ukraine.