Chelsea: Abramovich confirms London club is up for sale March 2, 2022 Chelsea owner Roman Abramovich has tonight confirmed that his club is up for sale with the net proceeds going to help Ukrainian war victims. The Premier League club owner confirmed the news in a statement on the club’s website and says the decision “is in the best interest of the club”. In a statement, he [...]
Ukraine war Day 6: Russia admits close to 500 of its troops are dead with thousands wounded March 2, 2022 Some 498 Russian troops have been killed in Ukraine, with 1,597 wounded, Russia’s Defence Ministry said in its first report of military casualties since the country invaded its eastern European neighbour last week. Moreover, the Russian bombardment of Kharkiv in Ukraine has killed 21 people and hurt 112, a Ukrainian official said. Some Russian planes [...]
Magic Circle law firm Allen & Overy vows not to take on any more Russian clients March 2, 2022 Magic Circle law firm Allen & Overy has vowed not take on any more Russian clients, in response to Russia’s invasion of Ukraine. The City of London law firm said it is “reviewing” its “Russia-related portfolio” with a view to stopping “all Russia-linked work that goes against our values.” The firm also said it will [...]
They are coming: Calls to stop Russian tankers heading for Kent March 2, 2022 The government must immediately intervene to stop two Russian tankers – containing enough liquid gas to supply the UK for up to 12 days – from docking in Kent at the weekend, a union said this afternoon. The Boris Vilkitsky and Fedor Litke are bound for Grain LNG with plans to unload on Sunday, according [...]
Government confirms Russia can still send oil and gas to the UK despite port sanctions March 2, 2022 The government confirms Russia can still send oil and gas to the UK, despite a ban on the country's ships docking at British ports.
UK: Fresh sanctions placed on Russia as Belarus swallows first tranche March 2, 2022 The UK government has imposed a second round of sanctions on Russia and fresh restrictions on Belarus, following their invasion of neighbouring Ukraine. The UK became the first country yesterday to ban all Russian ships from entering UK ports. New measures hauled in today by foreign secretary Liz Truss, amid Russian president Vladimir Putin’s sustained [...]
Russian VTB Bank targeted by sanctions given month’s asset freeze reprieve by UK March 2, 2022 A Russian bank that has been a top target of Western sanctions has been granted a 30 day reprieve by Britain to allow clients get a hold of their money and complete transactions, according to reports. VTB Bank, Russia’s second biggest lender, has been given a month long exemption from asset freezes by Britain to [...]
Balancing ties: The countries lagging in their response to Russia’s invasion of Ukraine March 2, 2022 As Europe throws its support towards Ukraine amid Russia’s invasion, a number of international players have remained quiet, trying to balance their ties between Kyiv and Moscow. A trend of neutrality has emerged from India, Brazil, the UAE, Azerbaijan and China. However, others have backed Russia, tempted by trade deals and owed favours. Pakistan today [...]
Clock ticking on Roman Abramovich after he puts Chelsea up for sale March 2, 2022 Chelsea owner Roman Abramovich has put the Premier League club up for sale – but faces a race against time to find a buyer amid the continued threat of sanctions. Abramovich has hired US bank the Raine Group to advise on a deal and is believed to want £3bn for the reigning European champions, who [...]
TUI’s main shareholder Alexey Mordashov resigns following EU sanctions March 2, 2022 Russian billionaire Alexey Mordashov resigned today from travel firm TUI’s board after he became a target of the EU sanctions against Russia. Mordashov, a close friend of Vladimir Putin, has been TUI’s majority shareholder for around 15 years, owning 34 per cent stake of the company. The remaining 66 per cent is owned by several [...]