Energy conflict: EU unveils plans to seize Russian energy revenues April 6, 2022 Economic warfare between Russia and the West escalated yesterday, after the EU announced plans to seize Russian energy revenues.
Russian oligarch is continuing to use law firm’s address without permission, company says April 6, 2022 Scottish corporate law firm Burness Paull has claimed a Russian oligarch is continuing to use its address, without its permission. The claims come after it emerged that Alexey Krapivin – who is accused of using a network of shell companies to channel billions of dollars out of Russia’s state-owned railway operator – is in control [...]
Volkswagen reduces model range as part of electric drive April 6, 2022 Volkswagen will reduce its model range to focus on more profitable vehicles as part of its electric drive, finance chief Arno Antlitz told the Financial Times today. The group – who owns brands such as Seat, Skoda Audi and Porsche – will cut down on models, going from the current 100 diesel and fuel vehicles [...]
UK announces more sanctions on Russia’s largest bank Sberbank April 6, 2022 The UK has slapped more sanctions on Russia’s largest bank Sberbank and banned all outward British investment into Russia. Sberbank and Credit Bank of Moscow now have all their UK assets frozen, after similar measures were taken against other major Russian banks last month, with the pair also unable to do business in Britain. The [...]
Ukraine invasion: Putin’s daughters sanctioned by the White House April 6, 2022 Vladimir Putin’s daughters have been sanctioned by the United States as Putin’s invasion of Ukraine continues. The President’s adult children, relatives of Foreign Minister Sergei Lavrov and members of Russia’s Security Council will be affected by the measures announced by the White House this afternoon. Putin’s children affected by the sanctions, Maria Vorontsova, 36, and Katerina [...]
Imperial Brands makes ‘good progress’ despite weak European tobacco performance April 6, 2022 Rizla maker Imperial Brands said it had delivered "good progress" in its strategic objectives this morning despite a weaker tobacco performance in Europe.
Hungary for gas: Orban ready to pay in roubles April 6, 2022 Hungary is prepared to pay in roubles for Russian gas, confirmed Prime Minister Viktor Orban, despite the West's opposition to the move.
EU plans to seize Russian energy revenues as conflict escalates in Ukraine April 6, 2022 The European Union (EU) is planning to seize a portion of Russian energy revenues to pay for the future rebuilding of Ukraine.
Johnson says NI tax rise ‘unquestionably’ right thing for UK as tax hike comes in today April 6, 2022 Boris Johnson has said the increase in National Insurance is “unquestionably the right thing for our country” on the day the tax hike comes into place. Johnson said he has “absolutely no problem” with the tax hike as “we’ve got to give our doctors and our nurses the wherewithal, the funding” to deal with the [...]
Oil prices recover as EU targets Russian coal April 6, 2022 Oil prices have rebounded from recent losses, as the prospect of fresh sanctions on Russia raised fears of supply shortages.