Tories in turmoil as Johnson and Sunak fined by Met police for lockdown-busting parties April 12, 2022 Boris Johnson and Rishi Sunak have been given police fines for attending Covid lockdown-busting parties, with pressure set to come on the Prime Minister and chancellor to resign immediately for breaking the law. Downing Street has confirmed the pair, along with Carrie Johnson, will be given Fixed Penalty Notices (FPN) by the Metropolitan Police as [...]
Kremlin threatens legal action if Russia is forced to default on sovereign debt April 12, 2022 The Kremlin has threatened to sue Western countries if they try and force Russia to default on its sovereign debt. In an interview with Russian newspaper Izvestia, Russian finance minister Anton Siluanov said Russia had “taken all necessary steps” to pay its creditors, after the US Treasury blocked the country from paying its bond holders [...]
US lessor Air Lease says 21 jets stranded in Russia April 12, 2022 US leasing company Air Lease Corp said today 21 of its jets were still stranded in Russia after the company terminated all contracts with the sanction-hit country. Air Lease did not reply when asked about how it could get its aircraft back, but it is believed it could claim insurance following the Kremlin’s decision to [...]
Moscow plots retaliation following EU blacklisting of 21 Russian airlines April 12, 2022 Moscow’s aviation regulator said it was planning countermeasures after the EU Commission banned 21 Russian airlines from operating. The Rosaviatsia said Brussels’ decision attested to a “policy of discrimination and violation of international aviation law,” which is expected to bring about “response measures” from Moscow’s side. The EU Commission announced yesterday it had added a [...]
OPEC warns of global supply shock if EU sanctions Russian oil April 12, 2022 OPEC has warned the European Union sanctions on Russian fossil fuels could create one of the worst global oil supply shocks in history.
How long can Russia withstand the sanctions? April 12, 2022 In response to its invasion of Ukraine, Russia has been targeted with severe economic sanctions. How impactful will they be? We have yet to see a serious, data-driven analysis. Some predict the embargo will initiate a Russian financial collapse very quickly, while others expect it will constitute more of a long and slow drag on [...]
Ukraine in shock as corpses are ‘carpeted through Mariupol’ after Russian Army kills 10,000 while fears for chemical weapon grow April 12, 2022 As Russian troops killed more than 10,000 civilians over the past six weeks in their unsuccessful fight to capture the strategic southern port of Mariupol, the city’s major said this morning that corpses are now “carpeted through the streets” of the regional hub. He spoke as western powers warned Tuesday of a continuing build-up for [...]
Bristol e-scooter scheme may be shelved over firm’s Russian investors April 12, 2022 An e-scooter scheme in Bristol may be pulled because the company that operates it has investors with “dubious” ties to Russia. The West of England mayor Dan Norris met the chief executive of £1bn-valued Swedish firm Voi Technology this week, as he vowed to ensure the region is “not linked” with Moscow. Norris said “Voi [...]
Nokia exits Russian market following Ericsson’s lead April 12, 2022 Nokia has announced it will be going one step further than its rival Ericsson and will fully pull out of the Russian market.
Shell restarts LNG shipments from giant floating gas site April 12, 2022 Shell has restarted shipments of liquefied natural gas (LNG) from Prelude, its massive floating plant off the coast of Western Australia.