Germany rules out energy sanctions on Russia amid spiralling gas prices March 3, 2022 Germany has ruled out the prospect of oil and gas sanctions, with economy minister Robert Habeck warning against the measures.
Citigroup unsure about future of Ukraine operations as cyber attacks loom March 3, 2022 Citigroup’s chief executive Jane Fraser is unsure about the future of the group’s Ukraine operations following the Kremlin’s invasion. The bank, which has helped some of its Ukrainian staff evacuate from the country, said today some employees have remained to help clients in the country but it’s not clear how long they will be able [...]
Putin warns war will continue ‘until the end’ unless Russia’s terms are met while airstrike kills 22 and talks resume March 3, 2022 At least 22 civilians have been killed in a Russian airstrike on the northern Ukrainian city of Chernihiv, Ukraine said, while Ukrainian forces are battling Russian troops for control of Enerhodar, which has Europe’s largest nuclear plant, the city’s mayor told various media outlets. Meanwhile, Ukraine President Zelensky’s office said this afternoon the second round [...]
Aviation software company Sabre cuts ties with Russia’s Aeroflot following Ukraine invasion March 3, 2022 Aviation software company Sabre announced today it has cut ties with Russian airline Aeroflot following Moscow’s invasion of Ukraine. The Texas-based group said it has terminated its distribution agreement, removing Aeroflot’s content from its global distribution system – which is used by global travel agencies and websites to book and service flight reservations. “We are [...]
Analyst toasts death of Russian stock market live on Moscow TV March 3, 2022 A financial analyst today toasted the death of Russia’s capital markets live on one of the country’s top business channels. “Dear stock market, you were interesting. Rest in peace, dear comrade,” he said, as he opened a bottle to offer a funeral toast to the country’s financial markets. Moscow’s invasion of Ukraine has sent Russia-exposed [...]
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.