Energy conflict: EU unveils plans to seize Russian energy revenues April 6, 2022 Economic warfare between Russia and the West escalated yesterday, after the EU announced plans to seize Russian energy revenues.
Former Boots exec in talks to join oligarch linked investment fund LetterOne September 26, 2022 A former executive at the firm that owns Boots is in talks to join the board of Russian oligarch Mikhail Fridman’s Luxembourg headquartered investment vehicle LetterOne. Former Walgreen Boots Alliance co-COO Alex Gourlay is in advanced talks to become a non-executive director at LetterOne after stepping down from the pharmacy owner earlier this year, [...]
German economy hurtling towards recession on Russia-Ukraine war March 15, 2022 The German economy is hurtling towards a recession as the Russia-Ukraine war sours investors’ optimism for Europe’s largest economy, reveals a closely watched survey released today. Moscow’s barbaric assault of Ukraine and the West’s sweeping set of sanctions to lock Russia out of the global economy is “significantly dampening the economic outlook for Germany,” Achim [...]
Kremlin to net $180bn tax windfall from energy price surge May 2, 2022 The Kremlin is set to receive a tax windfall from its brutal invasion of Ukraine sending energy prices soaring, reveals analysis released today. Revenue from oil and gas sales “will increase significantly to more than $180bn (£143bn)” this year, energy consultancy Rystad Energy estimates, a 45 per cent and 181 per cent surcharge compared to [...]
Trafigura freezes Russian investments and reviews options for Vostok oil stake March 2, 2022 Trafigura has revealed it has frozen its Russian investments, and is reviewing its 10 per cent stake in Kremlin-backed project Vostok Oil.
“Mad, bad and dangerous”: Tories hit out at Labour energy plan March 31, 2024 Energy secretary Claire Coutinho has slammed Labour's energy plans as being 'made in China'
Modi and India stop G20 calling Putin’s war in Ukraine a ‘war’ February 25, 2023 There is concern amongst rich nations about being unable to call a war started by Vladimir Putin just that, due to splits between global powers G20 finance chiefs have been unable to reach a consensus on describing the war in Ukraine and are likely to end a meeting in India on Saturday without a joint [...]
Russia threatens to send supplies to other countries if EU brings in oil ban May 19, 2022 Russia is prepared to send any supplies rejected by European countries to other regions such as Asia if it brings in more energy sanctions.
Oil bodies downgrade demand expectations as lockdowns and inflation bite May 13, 2022 Leading oil bodies have downgraded expectations for crude demand this year, amid continued volatility in the market.
German energy firms risk being nationalised as cabinet backs emergency measures April 26, 2022 Germany's government could soon have the power to seize ownership of energy companies to secure supplies in the event of an emergency.