What impact will Russia’s invasion of Ukraine have on oil and gas? March 4, 2022 | City Talk Russia’s invasion of Ukraine is first and foremost a human tragedy. As investors though, our role is to interpret the market implications on behalf of our clients. Here, we consider the impact of the invasion on oil and gas markets. Firstly, it’s important to understand how markets stood before the invasion. Global energy markets were [...]
Ukraine war turns nuclear as Russian shells fall directly onto Europe’s largest power plant amid heavy fighting March 4, 2022 Fears grow for an explosion as Russian forces are shelling the continent’s largest nuclear power plant, which has reportedly caught fire around 1am UK time. Nuclear plant spokesman Andriy Tuz told Ukrainian television that shells fell directly on the facility, and set fire to a reactor that is not operating and to an administrative training [...]
Kremlin bans citizens from calling for sanctions against Russia after denying plans to institute martial law March 4, 2022 Russia’s Duma has introduced a new law to ban citizens from calling for sanctions to be imposed on Russia, and said those found guilty may be forced into “obligatory labour” for up to three years. Russians who call for sanctions to be imposed on Russia, over its invasion of Ukraine, could face fines of up [...]
From Abramovich to the Saudis: Football clubs have become the laundry for muddy reputations March 4, 2022 In 2003, Roman Abramovich bought Chelsea Football Club. In the years thereafter, a perennial underachiever became one of the most successful clubs in English football, a five-times Premier League champion and twice winner of the Champions League, the pinnacle of European football. Today, they are the reigning European and world club champions. Results on the [...]
Boris Johnson announces latest sanctions vowing to inflict “maximum economic pain” on Russia March 3, 2022 Prime Minister Boris Johnson has announced an additional round of sanctions against Russian oligarchs and vowed to “inflict maximum economic pain” on Putin’s regime. “For as long as Putin continues his barbaric attack on innocent Ukrainians we will continue to exert every power we have to inflict maximum economic pain on Putin and his war [...]
Kremlin accuses BBC of being used to undermine Russia’s political stability March 3, 2022 The Kremlin made very some very serious accusations today as it said the BBC was being used to undermine the political situation in Russia. “The fact that Russian journalists are still at least somehow able to work in Britain is associated solely with London’s fears of jeopardising the position of the BBC radio and television [...]
Germany rules out energy sanctions on Russia amid spiralling gas prices March 3, 2022 Germany has ruled out the prospect of oil and gas sanctions, with economy minister Robert Habeck warning against the measures.
Citigroup unsure about future of Ukraine operations as cyber attacks loom March 3, 2022 Citigroup’s chief executive Jane Fraser is unsure about the future of the group’s Ukraine operations following the Kremlin’s invasion. The bank, which has helped some of its Ukrainian staff evacuate from the country, said today some employees have remained to help clients in the country but it’s not clear how long they will be able [...]
Putin warns war will continue ‘until the end’ unless Russia’s terms are met while airstrike kills 22 and talks resume March 3, 2022 At least 22 civilians have been killed in a Russian airstrike on the northern Ukrainian city of Chernihiv, Ukraine said, while Ukrainian forces are battling Russian troops for control of Enerhodar, which has Europe’s largest nuclear plant, the city’s mayor told various media outlets. Meanwhile, Ukraine President Zelensky’s office said this afternoon the second round [...]
Aviation software company Sabre cuts ties with Russia’s Aeroflot following Ukraine invasion March 3, 2022 Aviation software company Sabre announced today it has cut ties with Russian airline Aeroflot following Moscow’s invasion of Ukraine. The Texas-based group said it has terminated its distribution agreement, removing Aeroflot’s content from its global distribution system – which is used by global travel agencies and websites to book and service flight reservations. “We are [...]