Russia to open more civilian exit routes following two failed attempts March 7, 2022 Russia is to open ‘humanitarian corridors’ this morning in several Ukrainian cities, according to state media reports. It follows two similar moves over the weekend, as Russia outlined routes for civilians to escape the attack safely, which failed when Russian troops continued to shell the path, according the International Committee of the Red Cross and [...]
‘Appalling’ war prompts Linklaters to pull out of Russia and close down its entire Moscow office after 30 years March 7, 2022 Legal giant Linklaters confirmed to City A.M. it is closing down its entire Russian operations, after a presence of more than three decades. In an email, the Magic Circle law firm said that, after careful consideration and “as the appalling war in Ukraine continues, we will wind down our operations in Russia and close our [...]
US hints at sanctions on Russian oil March 7, 2022 A senior US official yesterday dangled the prospect of a worldwide ban on Russian oil imports, ratcheting up tensions between both sides.
A tough crackdown on oligarchs must carry us as far as our rule of law allows March 7, 2022 It is an uncomfortable truth that the West sorely lacks experience of war. That may seem a peculiar statement, after the long and bloody interventions in Iraq and Afghanistan, but those were effectively operations of control and rebuilding. What we are seeing in Ukraine at the moment is quite different: one sovereign nation taking on [...]
The City must not stand by in the face of dirty money on our streets and in our banks March 7, 2022 Today I and others from across the City of London will gather to stand in solidarity with the people of Ukraine as its national flag flies above us. It is now over a week since Russia’s violent invasion of Ukraine began and the deeply distressing scenes being played out across the country have shocked us [...]
Editorial: Oil ban dilemma points to sad truth that there are no good choices left March 7, 2022 If, as the US Secretary of State Antony Blinken hinted at yesterday, the European continent is set for a Russian-oil-free future, the implications will be enormous. Energy prices, already high, will spike further. Vast swathes of the continent – and the UK’s – manufacturing sectors will be forced to hike prices too, creating the sort [...]
PwC announces separation of Russian firm in first Big Four exit March 6, 2022 Pricewaterhousecoopers (PwC) will no longer have a member firm in Russia, with the multinational due to announce its decision tomorrow to separate its Russian company from the rest of its global network in the wake of Putin’s invasion of Ukraine. The move by the Big Four giant will affect 3,700 partners and staff in Russia, [...]
Crackdown on misinformation: TikTok suspends live streaming in Russia March 6, 2022 TikTok have said it will be suspending live streaming and new content in Russia as the social media firm faces questions about the spread of misinformation. However, the Chinese tech giant has said that the in-app messaging will not be impacted in Russia as the company evaluates its safety measures, according to reports from Reuters. [...]
Labour calls for investigation of claims PM intervened to help get friend a peerage March 6, 2022 Labour is calling for a parliamentary investigation into claims that Boris Johnson intervened to get his Russian billionaire friend Evgeny Lebedev a peerage, after security services initially recommended against it. Labour leader Sir Keir Starmer today told the BBC that a Westminster committee should probe the “very concerning” case and that “there’s at least the [...]
Sunak under pressure to drop NI rise in wake of Ukraine invasion March 6, 2022 Rishi Sunak is under increased pressure to drop his 1.25 percentage points increase of National Insurance next month in the wake of Russia’s invasion of Ukraine. It is expected the war will lead to higher inflation than expected due to Europe’s large reliance on Russian gas and Ukrainian agricultural products, like wheat. Annual growth in [...]