Energy sanctions on Russia could leave Europe exposed warn analysts March 8, 2022 Analysts suggest Europe will struggle to make up the shortfall in Russian gas supplies if it rolls out energy sanctions on the country.
London Stock Exchange steps in and cancels trades in rebounding Polymetal International March 8, 2022 Polymetal International's rally was cut short after the London Stock Exchange cancelled key morning trades.
Editorial: An ‘off-ramp’ for Putin? West can only offer him a u-turn March 8, 2022 As Russia’s invasion of Ukraine goes ever more bloody and ever more of a military disaster for the Kremlin, it has become trendy to talk of giving Putin an “off ramp” that allows him to save face, whilst also bringing to an end the senseless murder being unleashed on Ukraine. Putin’s people themselves offered one [...]
China calls friendship with Putin ‘ironclad’ amid heavy fighting and claims 10,000 Russian soldiers are now dead March 8, 2022 China’s foreign minister has called Russia his country’s “most important strategic partner” as Beijing continues to refuse to condemn the invasion of Ukraine despite growing pressure from the US and European Union (EU) to use its influence to rein Moscow in. Wang Yi said Chinese ties with Moscow constitute “one of the most crucial bilateral [...]
London law firms cannot continue to quietly take Russian money and clients March 8, 2022 In the face of Russia’s invasion of Ukraine, the silence from board rooms across the City’s law firms has been deafening. For too long now, global law firms with London bases have profited from work for Russian entities and oligarchs. Now, faced with dilemmas over taking a stand publicly and shunning Russian interests, many of [...]
Oil dips as European leaders play down prospect of sanctions on Russian energy supplies March 7, 2022 Oil prices have dipped following strong rallies this morning, with Europe playing down the prospect of sanctions on Russian energy supplies.
Kia wins as Russia expelled from European Car of the Year contest March 7, 2022 The electric Kia EV6 has won the European Car of the Year prize, although the 2022 contest wasn't without controversy.
Putin’s retaliation to Western sanctions and soaring energy prices send global markets whipsawing March 7, 2022 Russian President Vladimir Putin’s retaliation to sanctions and the possibility of the West banning Moscow oil and gas sent global markets whipsawing today. London’s premier FTSE 100 index tumbled over two per cent during the first hour of trading, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK [...]
Next to wind down Russian operations after invasion of Ukraine March 7, 2022 Fashion retailer Next will close its Russian operations following the invasion of Ukraine, as British brands move to condemn the country. The clothing retailer informed staff at its Russian distribution hub that it will be winding down the operation in an orderly way. It told staff its website will be closed for Russian customers too, [...]
The City View: Keeping The Lights On March 7, 2022 In this Monday episode Andy Silvester chats to Jack Barnett, City A.M.’s Economics and Markets reporter, about European market reaction to Russia-Ukraine; energy prices and how commodity price hikes could impact inflation; and the difficulty for countries in switching off from Russian energy. Andy also takes us through the headlines: Sanjeev Gupta, CEO of Liberty [...]