Sanctions are having ‘profound’ impact on London insurers, expert tells MPs April 26, 2022 The sanctions imposed on Russia are having a “profound” impact on London’s insurance sector, a leading insurance expert has told MPs. London insurers are struggling to keep on top of complex sanctions legislation and have resorted to taking an extremely cautious approach, the insurance chief said. “The volume of the legislation that’s been coming [...]
TikTok ups its child ad protections as the threat of EU sanctions looms June 21, 2022 TikTok has agreed to better protect children that use its platform in order to dodge the threat of possible sanctions from Brussels. The European Consumer Organisation (BEUC) filed a complaint to the European Commission in 2021, which said that the Bytedance-owned company failed to protect children from hidden advertising and inappropriate content. Following over a [...]
Crypto mining could help Russia evade sanctions, IMF warns April 19, 2022 Crypto mining could enable sanctioned Russians evade punitive restrictions researchers from the International Monetary Fund said.
Ukraine: UK sanctions 370 more Russian and Belarussian nationals March 15, 2022 The UK has sanctioned 370 more Russian and Belarussian nationals as a part of the government’s sanctions, including Vladimir Putin’s close political ally Dmitry Medvedev. The Foreign Office today announced the released the list of the newly sanctioned individuals, which includes 51 oligarchs, with foreign secretary Liz Truss saying “we are holding them to account [...]
London Metals Exchange to clamp down on Russian metal ‘rent share’ trading games April 24, 2024 The LME is seeking to clamp down on 'rent share' warehouse games of trading sanctioned Russian metals.
Ukraine: UK sanctions another 206 Russians in response to railway bombing April 13, 2022 The UK has hit another 206 individuals with sanctions in response to an horrific attack on civilians trying to escape Russia’s invasion at a train station last week. Foreign secretary Liz Truss said 178 of those sanctioned were key members of the Russian-backed Lugansk and Donetsk breakway states in the eastern Donbas region. The train [...]
Sanctions bite: London-listed Russian mining firm Petropavlovsk to suspend trading and file for administration July 12, 2022 London-listed Russian gold mining firm Petropavlovsk will cease trading and file for administration after revealing it was unable to repay a $201m (£169.3m) loan to a sanctioned bank. Sanctions against Kremlin-linked firms continued to bite this week, with the Petropavlovsk in debt to Gazprombank, that has been targeted over the war in Ukraine. The bank [...]
OPEC warns of global supply shock if EU sanctions Russian oil April 12, 2022 OPEC has warned the European Union sanctions on Russian fossil fuels could create one of the worst global oil supply shocks in history.
Gas prices soar as the Kremlin brings in sanctions against European Gazprom divisions May 12, 2022 Gas prices on UK and European benchmarks have spiked again after the Kremlin has imposed sanctions on Gazprom units in Europe and the US.
Crypto and other financial markets drop as further economic sanctions kick in April 7, 2022 After struggling with resistance above $47,500 for the last week, the price of Bitcoin has dropped four per cent this morning.