Ukraine invasion ‘will definitely accelerate the EU’s progress towards net zero,’ says analyst March 3, 2022 Russia’s invasion of Ukraine has put pressure on Europe’s energy grid, as it imposes sanctions on its largest oil and gas supplier. Europe is the largest home for Russian crude oil, with around 53 per cent of it ending up on the continent, according to the latest research by ING’s head of commodities strategy Warren [...]
Russian oligarch found dead by gardener in garage of his £18m Surrey mansion March 3, 2022 A 66-year old Russian oligarch was discovered dead by one of his gardeners in the garage of his £18m English mansion, it has been reported. Mikhail Watford, formerly known as Mikhail Tolstosheya, ws found dead in his mansion in Virginia Water, Surrey. His death, which comes less than a week after Russia invaded Ukraine, is [...]
UK crypto industry urged to close ‘loopholes’ that let Russia avoid sanctions March 3, 2022 Unregulated crypto firms in the UK are facing calls to close 'loopholes' which allow Russians to evade sanctions.
Fashion retailers Boohoo and ASOS suspend sales to Russia in solidarity with Ukraine as M&S suspends shipments March 3, 2022 Fast fashion retailer Boohoo has become the latest firm to announce it has suspended sales of clothes to Russia. The Manchester-based e-commerce business joins brands such as Asos and Next, as well as designer names such as Burberry, in making a stand. In a update published on the London Stock Exchange, Boohoo said it was [...]
Oil prices storm to near decade highs before talk of Iran deal calms waters March 3, 2022 Oil prices hit near decade highs and closed in on $120 per barrel today, as buyers shun Russian crude amid intensifying fears of supply fears.
Spotify shuts Russian offices ‘indefinitely’ March 3, 2022 Spotify said it has closed its Russian office “indefinitely” following Putin’s invasion of Ukraine. However, in contrast to many tech firms, including Google and YouTube, Spotify has not restricted its services in the country. A Spotify representative confirmed the news to Variety, and commented: “We think it’s critically important to try to keep our service operational [...]
Brave soul: Russian businessman puts $1m bounty on Vladimir Putin’s head for war crimes March 3, 2022 A Russian businessman has said he will pay $1m for anyone who arrests Russia’s president Vladimir Putin for war crimes. Alex Konanykhin is urging Russian military leaders to arrest and detain Putin as a war criminal. In a post on Facebook, the California-based crypto investor writes “I promise to pay $1,000,000 to the officer(s) who, [...]
Royal London and Phoenix Group review Russian investments as firms scramble to divest March 3, 2022 Royal London and Phoenix are among the latest pensions giants to announce they are reviewing their Russian investments as firms scramble to sever ties with Russia following tightened sanctions this week.
UK regulators pressure crypto firms to enforce Russian sanctions March 3, 2022 Crypto firms are under pressure from UK regulators to ensure that economic sanctions against Russia are enforced.
Number 10 ‘prioritising’ sanctions on Russian banks over Kremlin-linked oligarchs March 3, 2022 The UK is prioritising sanctions on Russian financial services firms instead of oligarchs because it will have a larger effect on stopping the “Russian war machine”, according to Number 10. Boris Johnson has been criticised in the past few days for not levelling more sanctions against Kremlin-linked oligarchs, particularly Chelsea owner Roman Abramovich, as the [...]