Crypto markets slip into the red as Ukraine crisis shows no signs of resolution March 7, 2022 The price of Bitcoin is currently down three per cent over the past 24 hours and changing hands for around $38,100.
UBS reveals $200m exposure to Russian assets March 7, 2022 Swiss banking group UBS has today revealed it has around $200m exposure to Russian assets and around $10m of outstanding loans to clients hit by western sanctions in response to Russia’ invasion of Ukraine.
Norton Rose Fulbright cuts ties with Russia over ‘brutal invasion’ of Ukraine March 7, 2022 Global law firm Norton Rose Fulbright has confirmed it is shutting down its operations in Russia.
A growing list: TMF Group closes services to all Russian clients March 7, 2022 The TMF Group is to stop services to all Russian clients, it confirmed in a statement. The professional services group joins a growing list of businesses who have halted their operations in the country following its invasion of neighbouring Ukraine. The Amsterdam-headquartered firm said that as people and banks are added to sanction lists, from [...]
En+ Group loses Lord Barker as chairman as Russian energy giant considers separating international unit March 7, 2022 En+ Group said this morning it has started a review of its strategy on Rusal , thereby considering a separation of the aluminium company’s international business, the energy giant clarified in a statement. Moreover, Gregory Barker, who has served as executive board chairman at En+ since November 2017, has resigned. “A strategic review is currently [...]
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 [...]