Ukraine’s president Zelensky heads to US in first trip since Kremlin’s invasion December 21, 2022 Ukraine’s president Vlodymyr Zelensky is heading to the US for his first foreign trip since Russia invaded. The leader will address the US Congress and meet his counterpart, President Joe Biden. He announced the move on Twitter after days of speculation about whether he would travel. On social media he wrote: “On my way to [...]
Russian oligarch seeks to block fraud lawsuit over sanctions December 14, 2022 A high-profile Russian oligarch is seeking to block an $850m (£685m) fraud lawsuit over claims the Russian banks suing him could use proceeds from the case to “fund the war in Ukraine”. Lawyers acting on behalf of Russian banker Boris Mints called for the High Court lawsuit to be put on hold in arguing any [...]
EU to push for greater sanctions compliance with new special envoy December 12, 2022 The EU is set to put one of its top civil servants to the task of pushing for greater compliance with sanctions against Russia, in third-countries including Turkey, Serbia, and the United Arab Emirates (UAE). David O’Sullivan, the bloc’s former ambassador to the US, is set to take up a new role in January, in [...]
Rishi Sunak: Kremlin needs to leave Ukraine before any agreement considered December 10, 2022 The Kremlin will need to pull its forces out of Ukraine before any peace agreement can be considered, according to Rishi Sunak. Sunak and Ukrainian President Volodymyr Zelensky yesterday agreed on the importance of pre-empting Russia’s calls for a ceasefire. The PM – who met with the president for the first time since becoming prime [...]
Oil prices climbing fast as G7 cap of £49 on Russian crude barrel comes into effect December 5, 2022 Oil prices have risen in response to an agreement by the G7 group of nations which came into effect on Monday. Brent crude climbed to more than 86 dollars (£68) in Asia trading as the price of Russian oil was capped at 60 dollars (£49) a barrel. The move is part of increased pressure by [...]
Kremlin ‘power grab’ in full swing as controversial Wagner Group boss pushes Putin to boot defence chief Shoigu November 22, 2022 An internal coup inside the Kremlin is reportedly in full swing as the chief of the controversial Wagner mercenary group is putting Russian president Putin increasingly under pressure to sack his Defence minister, Sergie Shoigu. Yevgeny Prigozhin, who heads the Wagner Group, also dubbed Putin’s private army which primarily consists of mercenaries, is reportedly increasingly [...]
Kyiv plunged into freezing darkness as the Kremlin targets power supplies November 22, 2022 Ukraine’s capital Kyiv has been plunged into freezing darkness as Russia continues to target its power supplies. President Volodomyr Zelensky spoke to his country last night branding the damage as having been done by “terrorists” from the Kremlin. The war, which began in February, is entering a new phase following Russian retreat from parts of Kherson. [...]
Rishi Sunak meets President Zelensky in first Ukraine visit November 19, 2022 Rishi Sunak has met with Ukraine’s President Volodymyr Zelensky in his first visit to Kyiv since becoming Prime Minister. “We discussed the most important issues both for our countries and for global security,” Mr Zelensky wrote on Telegram following the meeting earlier today. “We are stronger and we will achieve the desired results,” he added. [...]
Lloyd’s of London to face £735m court battle over Dubai owned aircraft seized by Russia November 18, 2022 Lloyd’s of London is being sued for $875m (£735m) over its failure to pay out on a multi-million-dollar insurance claim filed over the Russian state’s decision to seize hundreds of planes this March. Airplane leaser Dubai Aerospace Enterprises Ltd (DAE) has filed a High Court claim against Lloyd’s seeking more than $875m from the insurer, [...]
Zurich sets out more ambitious financial goals after posting highest profits since 2008 November 16, 2022 Zurich Insurance today vowed to “build a clear leadership position in the insurance industry” in pledging to pursue more ambitious financial targets over the next three years. The Swiss insurer said it is now aiming to grow its annual earnings per share at a rate of eight per cent each year over the period 2023-25. [...]