Lukoil board members step down from roles March 17, 2022 Three international board members of Russian petroleum giant Lukoil have left the company today. This includes Roger Munnings, chairman of the Russian-British Chamber of Commerce, Toby Gati, member of the US-Russia Business Council (USRBC), and former Austrian Federal Chancellor Wolfgang Schüssel, president of TTG Global. The oil company’s board of directors now consists of eight [...]
Medicine market in Russia ‘stable’ as GSK commits to keeping up supply March 17, 2022 GlaxoSmithKline’s (GSK) will halt clinical trials in Russia but maintain the supply of essential medicines, following the Kremlin-backed invasion of Ukraine. The London-headquartered group has no manufacturing operations in Russia or Ukraine, while its supply chain and raw material access will be minimally impacted, according to Reuters. GSK follows Pfizer, who has pledged all its [...]
Roman Abramovich used ‘barrage’ of legal threats to silence journalist, MPs hear March 17, 2022 A prominent British journalist has said she received legal threats from Roman Abramovich after she published a book laying out the oligarch’s links to Vladimir Putin. Reuters journalist Catherine Belton told MPs she received a “barrage” of legal threats from Russian oligarchs, including sanctioned billionaire Roman Abramovich and Everton backer Alisher Usmanov, after she published [...]
UK government vows to crack down on use of ‘lawfare’ to silence ‘valid criticism’ March 17, 2022 The UK government is preparing to crack down on those using legal threats to intimidate journalists and silence the British press. Justice Secretary Dominic Raab will today set out plans to stop wealthy individuals and large businesses from “using the threat of endless legal action” to “stifle legitimate criticism”, the government said in a statement. [...]
Crypto investors should be prepared to lose their money, say EU regulators March 17, 2022 Investors risk losing all the money they invest in speculative crypto assets and should be wary of scams EU regulators warned in a joint statement.
FCA mulls fund ‘side pockets’ to limit damage of Russian assets March 17, 2022 The city watchdog is mulling whether to authorise so-called ‘side pockets’ in retail funds to allow fund managers to separate hard-to-sell Russian and Belarussian assets from their core investments.
For God’s sake: Church of England puts pressure on Total Energies over Russia ties March 16, 2022 The Church of England has urged Total Energies (Total) to reconsider its decision not to exit Russia, following the country's invasion of Ukraine.
Think tanks call for government to ensure secure gas supplies as market crisis deepens March 16, 2022 Think tanks call on government must ensure gas supplies are resilient this winter following Russia's invasion of Ukraine and spiking wholesale costs.
Ukraine and Russia make progress on draft peace plan March 16, 2022 Ukraine and Russia reportedly made progress yesterday on a draft 15-point peace plan, after almost four weeks of fighting. The draft plan includes an agreement to a ceasefire, Ukraine agreeing to become neutral between Russia and Nato and commitments from Volodymyr Zelensky to shrink the Ukrainian army. This would include Ukrainian promises to not host [...]
Oil prices dip below $100 per barrel as Ukraine-Russia draw up neutrality plan March 16, 2022 Brent Crude prices plunged below $100 again today amid reports Russia and Ukraine have made progress on a 15-point peace plan.