Fifa, Uefa and IOC heed calls to ban Russia from international sport February 28, 2022 Russia faces an indefinite period of exile from international sport after major bodies including the International Olympic Committee, Fifa and Uefa bowed to calls to ban the country. The IOC said Russian teams and athletes should not be allowed to compete in international competitions, even under a neutral flag, as a result of the country’s [...]
UK outlines measures to clamp down on Russian oligarchs using the ‘London laundromat’ February 28, 2022 The UK has announced a package of measures today to help ban corrupt Russian oligarchs from laundering their money in London, which will aim to force foreign owners of British assets to reveal their true identities. Business secretary Kwasi Kwarteng said the package will stop “oligarchs and kleptocrats from Russia and elsewhere” who “have used [...]
Bitcoin and crypto markets lift during Ukraine and Russia ‘de-escalation talks’ February 28, 2022 Cryptocurrency prices have started to nudge upwards as the first round of talks aimed at brokering peace between Russia and Ukraine were concluded in Belarus earlier today.
Bitcoin disappoints as safe haven asset amid conflict with Ukraine February 28, 2022 Crypto is failing to live up to its reputation as a safe haven amid the conflict with Ukraine according to market analysts.
Russia’s economy plunges into chaos as Western sanctions bite February 28, 2022 Russia’s economy has been plunged into chaos after Western sanctions triggered a collapse in the country’s currency today. The value of the rouble tumbled as much as 30 per cent against the dollar today, dropping to its lowest ever level against the global currency benchmark. The sharp and sudden weakening in the rouble prompted Russia’s [...]
Shell under pressure as politicians urge firms to follow BP’s lead and ditch Kremlin-backed assets February 28, 2022 BEIS member Alexander Stafford has urged companies to follow BP's lead and sever ties with Kremlin-backed organisations.
Crypto community rallies around Ukraine as over $20m of funding pours in February 28, 2022 Ukraine has raised more than $20m (£15m) worth of crypto since Russian forces invaded the country last week.
Grant Shapps asks UK ports to deny access to Russian ships February 28, 2022 Transport Secretary Grant Shapps has written today to all UK ports asking them to deny access to any Russian-flagged and operated ships. “Given Putin’s action in Ukraine, I’ve made clear these vessels are NOT welcome here with prohibiting legislation to follow,” he said in a tweet. In a letter addressed to all UK ports, Shapps [...]
Oil and gas rebound as pressure mounts on Russia February 28, 2022 Oil and gas prices are soaring again after the West imposed stiff sanctions on Russian financial institutions yesterday.
Ukraine: UK bans Russian banks from clearing payments in Sterling February 28, 2022 The UK will ban Russian banks from clearing payments in Sterling and has frozen the British assets of a further three financial instiutions today. Foreign secretary Liz Truss said the US will also ban Russian banks from clearing payments in US dollars as well. She said that investment firm VEB, Sovcombank and Otkritie Bank will [...]