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 [...]
The West’s tech export ban could crush Russia and Putin’s war against Ukraine March 2, 2022 AS UKRAINE was plunged into war its allies around the world hurried to put together punitive packages of sanctions in retaliation. The Prime Minister Boris Johnson this week announced he’s planning to bring forward a bill in Parliament that will effectively cut Russia off dual-use technologies critical for its defence sector. President Biden has also [...]
No more iPhones for Muscovites: Apple pulls all of its products from Russia over Ukraine invasion March 2, 2022 Phone giant Apple said early this morning it has stopped selling iPhones and other popular products in Russia in response to the ongoing conflict in Ukraine. The company is one of the latest major corporations to boycott the country following the invasion ordered by Russian president Vladimir Putin last week. Fellow tech giants Google and [...]
UK releases additional £80m aid to Ukraine March 1, 2022 The UK Government has released an additional £80m in aid to Ukraine, bringing Britain’s total humanitarian package to £120m. The funding comes after the UK announced in early February a £100m economic package to bolster the Ukrainian economy and reduce its reliance on Russian gas, adding £40m last weekend to help aid agencies respond to [...]
Centrica considers cutting ties with Gazprom following Ukraine invasion March 1, 2022 UK energy company Centrica is looking at cutting ties with Russian gas giant Gazprom following Moscow’s invasion of Ukraine. The company, which signed an agreement with Gazprom in 2012 and later extended it until summer 2025, has now “entered into discussions with Gazprom about exiting this agreement,” without any impact on UK gas supplies. “We [...]
EU considers ports closure to Russian ships March 1, 2022 The EU is reportedly considering whether to follow the UK’s example and ban Russian ships from docking at its ports. According to the Danish foreign ministry, closing its ports had been considered during Sunday’s meeting when EU foreign ministers agreed to close the bloc’s airspace following the Kremlin’s invasion of Ukraine. “Denmark is actively working [...]
Russian miners to get the boot from FTSE 100 March 1, 2022 Russian miners are set to be booted from London’s top index tomorrow as a rapid investor sell off since Moscow invaded Ukraine has sent their shares spiralling. Evraz, which has operations in Russia and Ukraine, has had more than 80 per cent shaved off its share price since the start of the year, with around [...]