Russia-Ukraine: What will sanctions mean for UK businesses? February 3, 2022 Liz Truss this week warned Russia that the UK is now prepared to hit the Russian Federation with its “toughest sanctions regime” ever, as it seeks to deter the country from sending troops into Ukraine. “Nothing is off the table and there will be nowhere to hide,” the foreign secretary said. But as of yet, [...]
UK regulators pressure crypto firms to enforce Russian sanctions March 3, 2022 Crypto firms are under pressure from UK regulators to ensure that economic sanctions against Russia are enforced.
Moscow halts cooperation on International Space Station over ‘illegal’ sanctions April 2, 2022 The Kremlin announced today it will halt all cooperation on the International Space Space Station after Western countries imposed a blanket of sanctions on Moscow following the Ukraine war’s outbreak. Dmitry Rogozin, head of Russia’s space agency Roscomos, said it will no longer work with partners such as NASA and the European Space Agency as [...]
Russia defaults on international debts after being cut out of financial system by Western sanctions June 28, 2022 Russia yesterday defaulted on its international debts for the first time since the Bolshevik revolution after being unable to pay its creditors due to the impacts of Western sanctions. Ratings agency Moody’s yesterday said Russia’s failure to make payments on two Eurobonds worth $100m officially constitutes a default after its extended deadline to make the [...]
Russia’s economy plunges into chaos as Western sanctions bite February 28, 2022 Russia’s economy has been plunged into chaos after Western sanctions triggered a collapse in the country’s currency today. The value of the rouble tumbled as much as 30 per cent against the dollar today, dropping to its lowest ever level against the global currency benchmark. The sharp and sudden weakening in the rouble prompted Russia’s [...]
London arm of Russia’s VTB on brink of collapse as sanctions bite March 30, 2022 The London arm of Russia’s VTB Bank is on the brink of insolvency proceedings after sanctions have curbed its ongoing operations. As reported by Mark Kleinman for Sky News, British banking regulators have called in advisers to help address Russia’s second-largest lender’s presence in the capital. Sources told Sky that the bank could fall into [...]
Polymetal reports boost in Russian demand for gold as sanctions hamper exports March 30, 2022 Russian gold miner Polymetal said it remains resilient to the impact of sanctions today after a boost in demand from Russians looking to store their cash in the traditional safe haven asset.
Johnson: 287 UK MPs sanctioned by Russia should wear it as ‘badge of honour’ April 27, 2022 Hundreds of British MPs have today been hit with Russian sanctions, with Boris Johnson telling them they should wear it as a “badge of honour”. The Russian foreign ministry today said 287 MPs were being sanctioned for taking “the most active part” in organising sanctions over Ukraine and engaging in “Russophobic hysteria”, however a chunk of [...]
Credit Suisse slashes Russian exposure as lawmakers probe sanction compliance March 28, 2022 Scandal-stricken bank Credit Suisse has announced it will stop pursuing new business in Russia and slash its current exposure to the country, as it comes under fire from US lawmakers over potential breaches of sanctions rules.
US sanctions and 5G slowdown sparks Huawei revenue dip March 28, 2022 Chinese tech firm Huawei recorded its first yearly revenue drop on record in 2021 as sanctions chip away at the company's growth.