PM urges West to sanction Russian gold reserves as NATO warns of chemical weapons use March 24, 2022 Prime minister Boris Johnson has urged the West to press sanctions on Russia’s gold reserves, as NATO warns that the Kremlin-controlled state may be trying to create a climate for chemical weapons use. Johnson doubled down on his stance that the country had already “crossed a red line” during its unprovoked invasion of Ukraine, again [...]
Total value of Russian-linked assets frozen by the UK at £500bn March 24, 2022 The value of UK assets seized from individuals and organisations with links to Russia now stands at £500bn. Foreign Secretary Liz Truss made the announcement on Thursday, as 65 more targets for asset freezes were hit by the UK government. Among the key individuals and firms hit by the latest round of sanctions, are the [...]
British lawyers are being scapegoated for horrors in Ukraine, Law Society says March 24, 2022 The Law Society has claimed “British lawyers” are being turned into “scapegoats” for Russia’s invasion of Ukraine. In a letter to The Times, Law Society president I. Stephanie Boyce said lawyers have been “singled out” for their involvements with Russia, as she argued they have become scapegoats for the “horrors in Ukraine.” In response to [...]
Russian foreign minister’s stepdaughter who lives in £4m Kensington flat is sanctioned by UK March 24, 2022 Russia’s foreign minister’s stepdaughter, who lives in a £4m flat in Kensington, has been added to Britain’s sanctions list. The Instagram influencer and socialite Polina Kovaleva is the latest target of Britain’s campaign against Kremlin-linked individuals, as Russia’s war in Ukraine enters its second month. Kovaleva, 26, who was privately educated, has documented her lavish [...]
BlackRock boss praises private sector for waging ‘economic war’ on Russia March 24, 2022 The boss of the world’s biggest asset manager BlackRock has said Russia’s invasion of Ukraine will spell the end of globalisation as we know it, as he praised the private sector for waging “economic war” on Russia.
Switzerland feels increasingly uncomfortable hosting Putin’s girlfriend and children in luxury chalet in Lugano March 24, 2022 A discussion in Swiss media about whether the country should ask Vladimir Putin’s girlfriend and their four children to leave Switzerland is becoming increasingly heated. Several media commentators and lawmakers do not think Switzerland should provide a safe haven to the Russian president’s long-term girlfriend, Alina Kabaeva, and the couple’s four young children. Kabaeva is [...]
Share price jump: Eurowag revenue jumps more than third but profits trail behind March 24, 2022 Pan-European payments platform Eurowag has enjoyed a revenue bump of more than a third in the past year, though pre-tax profits trail behind. The transport-focussed platform, which raised €200m (£171m) in its initial public offering (IPO) in London last year, snagged €1.6bn (£1.3bn) in revenue in the 12 months to 31 December. The climbing [...]
Letters: Back into the fray March 24, 2022 [Re: Sanctioned Russian bank to vote in City of London Corporation election tomorrow, yesterday] Your article ‘Sanctioned Russian bank to vote in City of London Corporation election tomorrow’ is factually wrong and irresponsible journalism. It is individual workers rather than companies or organisations who are entitled to vote in the City of London elections. Any [...]
Lloyds of London says Ukraine crisis will be ‘major claim’ in 2022 after returning to profitability March 24, 2022 Lloyds of London has warned the ongoing conflict in Ukraine will be a “major claim” this year, after posting a return to profitability on the back its best results in six years. The London insurer said it had returned to profitability after posting overall profits of £2.3bn for the full year 2021, compared to a [...]
Hong Kong to soon ‘open up to world’ just as Singapore eases its own restrictions March 24, 2022 Hong Kong is looking likely to “open up to the rest of the world” once its latest Covid-19 wave fades, before the lights of Singapore grow too tempting for corporate expats. Hong Kong leader Carrie Lam said she is “very optimistic” the financial hub will soon pull off pandemic restrictions which have blanketed the city [...]