Gas prices spike as Russia ramps up invasion of Ukraine March 2, 2022 Gas prices spiked across the continent amid festering fears of supply constraints following Russia's invasion of Ukraine.
Retail investors snap up US bargains amid market turbulence March 2, 2022 Retail investors piled into US equities in the past week as they looked for bargains amid the market turmoil sparked by Russia’s invasion of Ukraine.
Ukraine raises over £200m in war bonds to fuel military defence March 2, 2022 Ukraine has raised $270m (£202.5m) in war bonds to fuel its military defence, as Russia continues its invasion of the country. The capital “will be used to meet the needs of the Armed Forces of Ukraine and to ensure the uninterrupted provision of the state’s financial needs under the war,” Ukraine’s ministry of finance wrote [...]
Ukraine: Everton suspend arrangements with Russian linked billionaire March 2, 2022 Premier League side Everton have suspended their commercial sponsorship arrangements with all Alisher Usmanov owned companies. The Russian billionaire is on a list of people who have had their assets frozen by the European Union in response to Russia’s invasion of Ukraine. Usmanov owns USM Holdings, who sponsor Everton’s training ground and has Everton owner [...]
Trafigura freezes Russian investments and reviews options for Vostok oil stake March 2, 2022 Trafigura has revealed it has frozen its Russian investments, and is reviewing its 10 per cent stake in Kremlin-backed project Vostok Oil.
Starmer calls on PM to sanction ‘every Russian oligarch’ with UK assets March 2, 2022 Sir Keir Starmer has called on Boris Johnson to sanction “every oligarch and crack open every shell company” to shut out dirty Russian money from the UK. The Labour leader said Chelsea owner Roman Abramovich should in particular be targeted immediately, along with former Russian deputy PM Igor Shuvalov who has properties worth more than [...]
China as peacemaker? Russia’s invasion of Ukraine pulls Beijing’s position into question March 2, 2022 China’s foreign minister has said today that it is “concerned about the damage done to civilians” in Russia’s invasion of Ukraine, pulling Beijing’s position on the war into question. Six days into the conflict, Russian president Vladimir Putin has been accused of war crimes for indiscriminately targeting civilians, residential areas and hospitals. Speaking to his [...]
Gold – the only “safe haven” asset? March 2, 2022 The Russian invasion of Ukraine has had many consequences – first and foremost is its devastating humanitarian impact. While we cannot lose sight of how many millions of people are affected, as investors we are conscious that this is a time of great uncertainty. Schroders’ live blog on the Ukraine crisis will be updated regularly [...]
Grant Thornton cuts ties with Russian member firm that audits Russia’s Central Bank and Gazprom March 2, 2022 Grant Thornton has cut ties with its Russian member business, FBK, in response to Putin’s invasion of Ukraine. The London headquartered consultancy said its Russian member business, FBK, would be leaving Grant Thornton’s international network with immediate effect. Grant Thornton’s decision to cut ties with Moscow headquartered consultancy FBK will in effect see the firm [...]
Revolut’s Russian-British boss condemns ‘horrifying’ war in Ukraine March 2, 2022 The Russian born boss of London fintech firm Revolut has condemned the ‘horrifying’ war in Ukraine as the bank committed to a series of measures to support civilians caught up in the conflict.