UK space industry to benefit ‘very positively’ from Russian sanctions June 17, 2022 The UK’s space industry stands to benefit “very positively” from sanctions against Russia, which have pushed its rocket launching capabilities off the global stage, one space chief has told City A.M. Russia’s launches once rivalled SpaceX in both frequency and success. But a mixture of bans and boycotts after its invasion of Ukraine has seen a [...]
Western sanctions struggle to hit Russian revenues, reveals IEA report June 15, 2022 Higher crude oil and fuel prices allowed Russian revenues to climb in May, revealed the International Energy Agency in its latest report.
Oil prices recover as EU pushes for Russian oil ban May 11, 2022 Oil prices rebounded as the European Union (EU) closes in on a Russian oil embargo, raising concerns of supply shortages across the continent.
Russian miners ditched from FTSE 100 March 3, 2022 Polymetal and Evraz have been booted from the FTSE 100 after shares in both Russia-exposed miners suffered severe losses.
Oil prices recover as EU targets Russian coal April 6, 2022 Oil prices have rebounded from recent losses, as the prospect of fresh sanctions on Russia raised fears of supply shortages.
Civilian ship sinking in Mariupol after Russian shelling April 5, 2022 Ukraine says a civilian ship is sinking in the port of Mariupol after Russian forces fired on it. The Ukrainian Interior Ministry said the ship was struck during “shelling from the sea” by Russia, causing a fire in the engine room. The crew was rescued, including one injured crew member, it added. The ministry said [...]
G7 leaders commit to phasing out Russian oil May 8, 2022 Leaders of the world’s richest economies today committed to banning imports of Russian oil in a further ratcheting up of sanctions against Vladimir Putin. G7 chiefs have committed “to phase out our dependency on Russian energy, including by phasing out or banning the import of Russian oil,” the White House said in a statement yesterday. [...]
EU considers ports closure to Russian ships March 1, 2022 The EU is reportedly considering whether to follow the UK’s example and ban Russian ships from docking at its ports. According to the Danish foreign ministry, closing its ports had been considered during Sunday’s meeting when EU foreign ministers agreed to close the bloc’s airspace following the Kremlin’s invasion of Ukraine. “Denmark is actively working [...]
EU closes airspace to Russian air traffic February 27, 2022 The EU is closing its airspace to Russian air traffic as part of a new set of measures against the Kremlin’s invasion of Ukraine, European Commission president Ursula von der Leyen said this afternoon. “We are shutting down the the EU airspace for Russians,” she said during a press conference. “We’re proposing a prohibition on [...]
European Union finally unveils Russian oil import ban May 4, 2022 The EU has proposed to phase out Russian oil imports, as part of a sixth package of sanctions against Russia following its invasion of Ukraine.