Sanctions will force consultancies to drop Russian clients, consultancy trade body says March 2, 2022 The trade body for management consultancies has said the UK government’s sanctions on Russia and Belarus will “inevitably” mean some consultancies will be forced to cut links with some of their clients. In a statement, Tamzen Isacsson, Chief Executive of the Management Consultancies Association (MCA), said: “Our firms are strictly abiding by the updated changes [...]
ExxonMobil exits Russia amid energy firm exodus March 2, 2022 Exxon Mobil (Exxon) has followed in BP and Shell's footsteps, and has announced it will exit its Russian assets valued at more than $4bn.
Letters: A reliable and clean answer March 2, 2022 [Re: Crude Awakening: The necessity of oil and gas in the green transition, February 15] Gas price hikes, petrol and diesel shortages and the impacts of a Russian invasion of Ukraine all demonstrate the UK’s need for reliable energy. There needs to be a diverse energy mix – including renewable power, hydrogen production, oil and [...]
OneWeb moves ahead with Soyuz launch despite Russian invasion March 2, 2022 Broadband firm OneWeb moves forward with its plans to launch satellites using Russian rockets, despite the ongoing invasion of the Kremlin in Ukraine. According to reports by The Times, the tax-payer backed company has paid for 36 satellites to be sent into orbit from Russian firm Baikonur Cosmodrome, which are set to launch using Soyuz [...]
Conservative MP Bob Seely names and shames ‘amoral’ lawyers working for ‘Putin’s henchmen’ March 2, 2022 Conservative MP Bob Seely has spoken out against the UK lawyers working on behalf of Russian oligarchs, after accusing them of teaming up with Putin’s henchman to silence the British press. The MP for the Isle of Wight said the UK’s legal system had become “corrupted” by money from kleptocrats, as he accused lawyers of [...]
Credit Suisse asks investors to ‘permanently erase’ documents linked to oligarch loans March 2, 2022 Credit Suisse has issued a legal request to investors asking them to “destroy and permanently erase” documents relating to its clients’ private jets and yachts, as it looks to prevent leaks of its dealings with now-sanctioned Russian oligarchs.
World’s blue-chips ditch Russia as West ramps up efforts to freeze out Moscow March 2, 2022 More of the world’s top companies are pouring out of Russia as the West ramps up efforts to freeze Moscow out of the global economy. Despite the exodus, French energy firm Total bucked the trend by announcing tepid measures today, stating it will keep doing business in Russia, but not invest in new projects. The [...]
Russian athletes set for Winter Paralympics ban decision March 2, 2022 Winter Paralympics organisers will decide today whether to ban Russian athletes just 48 hours before the Games are set to begin in Beijing. All Russian competitors have already arrived in China but the International Paralympic Committee is under pressure to stop them taking part in response to the country’s invasion of Ukraine. The International Olympic [...]
Jaguar Land Rover halts all sales to Russia while BMW’s Mini plant ends production due to Ukraine conflict March 2, 2022 Sales by car manufacturer Jaguar Land Rover (JLR) to Russia has been suspended following the invasion of Ukraine. The firm announced that it made the decision due to the “wellbeing” of its workforce and those “within our extended network”. Sanctions imposed on Russia have heavily restricted the ability of companies to sell goods there. JLR, [...]
Cam’s the man: Norrie poised to defend Indian Wells title March 2, 2022 When the first serve of the Indian Wells Masters gets walloped next week, Great Britain will have a defending champion – Cameron Norrie – in the tournament for the first time. Cameron Norrie won his maiden ATP Tour Masters 1000 event last year when he overcame Nikoloz Basilashvili 3-6, 6-4, 6-1 in what many [...]