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 [...]
Has the geopolitical crisis in Ukraine made Russia a no go zone for Western investors? September 7, 2014 Timothy Ash is head of emerging market research (excluding Africa) at Standard Bank, says Yes. As the West continues to shy away from Iran-style sanctions, which would ban secondary trading in debt and equity and thereby lock investors in positions, Russia is still technically investible. But it is a binary call on the country now [...]
Sport Comment: Lack of boxing on free-to-air TV leaves stars marginalised September 7, 2014 BRITAIN currently has four world boxing champions. Between now and a few paragraphs’ time, the challenge is to see whether you can name them. That number rose from three to four at the weekend when, in front of the biggest crowd in history for a bout in Northern Ireland, the latest Belfast Boy Carl Frampton [...]
Russia “will react” to EU sanctions, accuses Nato of supporting neo-Nazi forces September 6, 2014 Russia says "there will undoubtedly be a reaction" to any new sanctions imposed by the EU. The Russian foreign ministry said in a statement that the EU's proposed sanctions were "practically sending a signal of direct support to the 'party of war' in Kiev". The new sanctions will target state-owned oil companies, including Rosneft, and add [...]