Russia sanctions: Private flights to Nice down 5pc as jets grounded September 12, 2014 Western sanctions are grounding private jets and disrupting the holiday plans of wealthy Russians, according to Bloomberg. The measures are aimed at restricting travel for leading Russian business people and the article quotes Umberto Vallino, head of business aviation development for Nice, Cannes and St. Tropez airports, as confirming a first drop in private air traffic [...]
EU leaders give green light to Russia sanctions September 11, 2014 EUROPEAN leaders have agreed a plan to enact tough new sanctions on Russia over the conflict in Ukraine. The decision was made yesterday morning and the sanctions, which are expected to further restrict the import of dual-use goods, restrict bank loans and make it harder for Russia to do business with the EU on oil [...]
Ukraine conflict casts a chill on Gazprom as profits fall sharply September 11, 2014 GAZPROM took a huge blow to its profits in the first three months of 2014, as the conflict in Ukraine and a weaker rouble took their toll on the massive Russian gas supplier. Net profits at Gazprom, Russia’s largest company, fell 41 per cent in the first half of 2014 compared with a year before, [...]
European sanctions against Russia will come into force tomorrow September 11, 2014 Trade sanctions against Russia agreed by EU countries will come into force tomorrow, it was reported today. Although details of the sanctions have yet to be unveiled, they are expected to be the toughest imposed on Russia so far, including strict measures against Russian energy companies that are also likely to hit Western oil firms, [...]
Russia cutting gas supply to Poland by 20pc September 10, 2014 POLAND and Germany yesterday announced that Russia had cut their gas supply, with Warsaw saying it was down 20 per cent. Some European officials believe Moscow could use gas supply disruptions as its trump card in a confrontation over Ukraine that has already brought ties between Moscow and the west to their lowest since the [...]
US finalises new Russia sanctions plan as EU hesitates September 9, 2014 The US is putting the finishing touches to a new tranche of sanctions aimed at Russia, including powers to curb the nation’s defence, energy and financial sectors, it announced yesterday. The US government is seeking both to “deepen and broaden” existing sanctions against President Vladimir Putin’s government, following continued unrest in eastern Ukraine. State department [...]
City FFP cash to go to Premier League rivals September 9, 2014 MANCHESTER United, Chelsea, Arsenal and Tottenham are among the clubs set to benefit financially from Manchester City’s failure to comply with European financial fair play (FFP) rules. City were found guilty of exceeding permitted losses for clubs in the Champions League and Europa League in May, and fined £50m – an amount that may be [...]
Europe can cut reliance on Russian gas, report claims September 9, 2014 The European Union can – and should – reduce its reliance on Russia as a source of gas, a new report into climate change has suggested. Think tank Institute for Public Policy Research (IPPR) claims that a 35 per cent cut in the EU's energy usage by 2030 – recommended by the European Commission [...]
Independent Scotland “will have to re-apply for Nato membership” – and will have a £500m defence shortfall September 9, 2014 As the debate over Scottish independence rages and the latest polls show the two sides neck and neck, Scotland's future place in world affairs is becoming an increasingly popular talking point. The most recent comment on the issue has come from a Nato official, who told Reuters Scotland will have to reapply for its membership [...]
EU puts new Russia sanctions on hold in hope ceasefire survives September 8, 2014 EUROPEAN leaders last night announced they had agreed new economic sanctions against Russia – but will not put them into force for the time being. Russia threatened to hit back, potentially by closing its airspace to EU airlines’ flights. Brussels’ aim is to punish Russia for its increasingly overt invasion of regions in the east [...]