Frozen Russian assets should act as ‘wake up call’ for UK government, campaigners say November 10, 2022 The billions in Russian assets frozen by UK authorities since the start of the war in Ukraine should act as a “wake up call” to the British government, to ensure it never allows a “kleptocratic regime” access to the country’s economy again, campaigners have said. The record £18.39bn in assets frozen by the UK’s [...]
US hints at sanctions on Russian oil March 7, 2022 A senior US official yesterday dangled the prospect of a worldwide ban on Russian oil imports, ratcheting up tensions between both sides.
Ukraine braces for renewed Russian offensive in the East April 11, 2022 Vladimir Putin is gearing up for a renewed offensive in the East of Ukraine as the town of Mariupol braces for what could be its last stand against Russian forces. Ukrainian President Volodymyr Zelensky today said “we are ready” for Russia’s push to take the entire Donbas region, which the Kremlin hopes will rejuvenate its [...]
Cypriot PwC partners set up new firm to continue working with Russian clients November 8, 2022 Three ex-partners from PwC’s Cyprus office have left the Big Four accountancy firm to set up a new rival practice in order to continue working with Russian clients. The launch of KiteServe comes after the three ex-PwC partners took early retirement from the Big Four firm in June, after its sanctions policy blocked them [...]
Ericsson to wrap up remaining Russian operations, says local state media August 29, 2022 Ericsson will wrap up its remaining Russian operations by the end of this year, according to local state media. The Swedish telecom equipment manufacturer announced in February, following Russia’s invasion of Ukraine, that it would suspend deliveries to customers in Russia, in line with Western sanctions. Then in April, the company placed its Russian employees [...]
Spotify shuts Russian offices ‘indefinitely’ March 3, 2022 Spotify said it has closed its Russian office “indefinitely” following Putin’s invasion of Ukraine. However, in contrast to many tech firms, including Google and YouTube, Spotify has not restricted its services in the country. A Spotify representative confirmed the news to Variety, and commented: “We think it’s critically important to try to keep our service operational [...]
Britain cuts off all Russian fuel imports for first time on record August 24, 2022 Britain has bought no fuel from Russia for the first time since records began, driven by the country shunning energy from President Putin in response to the invasion of Ukraine, official figures published today show. Fuel imports from Russia plummeted to zero in June, the first time Britain has ever recorded a complete weaning off [...]
Russian man arrested at Gatwick Airport on suspicion of spying for the Kremlin June 15, 2022 A Russian man in his 40s has been arrested at Gatwick airport on suspicion of spying for the Kremlin. Counterterrorism police with Scotland Yard made the swoop reportedly as the suspect was trying to get on a plane and leave the country, according to The Sun. The Met Police said in a statement to City [...]
Russian government websites blocked in the UK February 28, 2022 Russian government websites appear to be blocked in the UK, including the Civil Aviation Authority, as well as the Kremlin’s official site. City A.M. understands that when UK based browsers attempt to access these sites they are met with the following message: “Website not available. The website you requested cannot be accessed. It may work [...]
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 [...]