How stock markets perform after heavy falls March 9, 2022 While public attention has understandably focused on the grave humanitarian consequences of the invasion of Ukraine, global markets have reflected investors’ concerns about financial and economic impacts. Our live blog on the Ukraine crisis will be updated regularly throughout the week, it can be found here. To date the current crisis has seen major markets fall [...]
Smoking them out: Cigarette giant Imperial Brands halts Russian operations March 9, 2022 Maker of JPS and Winston cigarettes Imperial Brands has suspended all operations in Russia, including production at its factory in Volgograd, as well as sales and marketing activity. It comes as countless Western brands boycott Russia following its invasion of Ukraine, with the likes of Apple and Netflix recently pulling the plug. “This decision comes amid [...]
London law firm BCL Solicitors sent legal threats to Foreign Office on behalf of Russian oligarch March 9, 2022 London law firm BCL Solicitors has been named as one of the law firms that sent letters to the Foreign Office, on behalf of Russian oligarchs seeking to challenge the government’s sanctions regime. In a written response to Labour MP Margaret Hodge, Conservative minister James Cleverly said BCL Solicitors had sent letters to the Foreign [...]
Eversheds Sutherland pledges to fully exit Russia as law firms face pressure to cut ties March 9, 2022 Anglo-American law firm Eversheds Sutherland has said it will completely cut its ties to Russia, as law firms face mounting pressure to sever all links they have to the country in response to Russia’s invasion of Ukraine. In a statement, Eversheds said the firm had decided that it will “no longer have a presence in [...]
Evraz denies Kremlin ties and downplays effect of sanctions March 9, 2022 Evraz has revealed it is "deeply concerned and saddened" by conflict in Ukraine, and hopes a peaceful resolution will be found.
Huawei UK directors quit over firm’s silence on Russian invasion March 9, 2022 Two British board members of Huawei’s UK subsidiary are set to resign over the Chinese telecoms giant’s refusal to condemn Russia’s invasion of Ukraine. As first reported by Mark Kleinman for Sky News, Sir Andrew Cahn and Sir Ken Olisa notified the company today that they intend to step down from their positions as non-executive [...]
Energy giants pump £75m into offshore wind schemes following UK ban on Russian oil imports March 9, 2022 Two energy giants will pump £75m into offshore wind projects, which could light 8.5m homes, as Britain looks to wean itself on dependence for Russian oil. ScottishPower and Shell have set aside the cash stimulus for initiatives to improve clean energy, after the duo were awarded rights to develop floating wind projects off the country’s [...]
Russian government rolls back intellectual property rights in response to Western sanctions March 9, 2022 The Russian government is pushing forwards with plans to undermine intellectual property rules and reverse the rights of Western patent holders, in an effort to counter the impacts of Western sanctions. The Russian government this week said Russian companies have no obligation to pay patent holders from countries that sanctioned Russia for use of their [...]
Russian ‘dumb bomb’ attack kills dozens of civilians in Ukrainian city of Chernihiv March 9, 2022 A Russian airstrike that reportedly killed 47 civilians in the northern Ukrainian city of Chernihiv may constitute a war crime, human rights group Amnesty International said today following an investigation into the attack. At approximately 12.15pm on Thursday 3 March, a small public square formed by Chernihiv’s Viacheslava Chornovola and Kruhova streets was hit by multiple [...]
Tokyo exploits global anti-Russia sentiment to announce Kremlin-controlled Kuril Islands belong to Japan March 9, 2022 Fumio Kishida, Japan’s prime minister, said that southern Kuril Islands are a sovereign part of his country, and not part of Russia, which has controlled the group of islands since 1945. Speaking in the Diet earlier this week, Kishida told lawmakers the Kuril Islands are “original territories of Japan”. The islands have been a point [...]