Chinese refineries reportedly snapping up Russian oil on the cheap May 4, 2022 Independent Chinese oil refiners are reportedly snapping up cheap Russian fuel, which could draw the ire of the United States and United Kingdom. Firms have reportedly continued making deals since the start of the war, while state-run energy companies publicly halted new contracts. The buying of discounted oil by independent refineries by China, according to [...]
UK prohibits maintenance on Russian oligarchs’ planes and ships March 30, 2022 The UK Government announced today it has prohibited maintenance works on aircraft or ships belonging to Russian oligarchs sanctioned over ties with Putin. Laid in Parliament today as a Statutory Instrument, the new legislation hit already Russian businessmen Eugene Shvidler, whose aircraft have been detained since last week, and TCS Group founder Oleg Tinkov. Foreign [...]
Japan intends to keep stake in Russian oil and gas project despite Western exodus August 8, 2022 Japan will keep hold of its stake in an oil and gas project in Russia, despite Western energy giants abandoning projects in the country.
EU to ween off Russian oil within six to eight months June 3, 2022 The European Union (EU) has green lit a sixth round of Russian sanctions today, as Ukraine marks its 100th day since Russia’s invasion. “The Council decided today to impose a sixth package of economic and individual sanctions targeting both Russia and Belarus,” the EU Council said in a press release today. The EU plans to [...]
McDonalds and Nissan could buy back Russian subsidiaries as it is revealed most Western corps have failed to exit the country January 19, 2023 The vast majority of Western corporations have failed to properly exit Russia, according to research carried out by two Swiss universities. Multinational firms such as including McDonalds and Nissan even have kept an option to buy back their Russian subsidiaries via clauses into their exit contracts; this would let them return to Russia if tensions [...]
Getir says investor has ‘no direct or indirect relationship’ with sanctioned Russian oligarch July 4, 2022 Speedy grocery delivery app Getir has shrugged off speculation that government sanctioning of a Russian oligarch linked to investment in the firm will impact its funding. Vladimir Potanin was hit by sanctions last week, including an asset freeze preventing any UK firm from dealing with any funds he owns. However, Getir was keen to quash [...]
Shell refuses to set up Gazprom account as it continues Russian withdrawal May 31, 2022 Energy giant Shell has confirmed it will not set up a rouble account, under new terms demanded by Kremlin-backed giant Gazprom.
Sluggish start for FTSE 100 as Russian oil imports cut off May 31, 2022 The FTSE 100 was off to a sluggish start on Tuesday after EU leaders have hashed out a plan to block more than two-thirds of Russian oil imports. The capital’s premier FTSE 100 index was up just 0.2 per cent while the brent crude price rose again, at $124 a barrel. “Given Russia currently supplies [...]
Kremlin-linked Russian money laundered in London: UK should ‘get its house in order on dirty Russian cash’ February 16, 2022 Boris Johnson’s government needs to “get its house in order” if it is serious about tackling “dirty money” from Russia coming into the UK, Keir Starmer has said. The Labour leader also called for the Government to “go now and go hard” with sanctions against Russia, as he said the Prime Minister should return all [...]
Ukrainian shopping centre with 1,000 people inside hit by Russian missiles June 27, 2022 Russia today launched a missile attack on a Ukrainian shopping centre with at least 1,000 people inside, President Volodymyr Zelensky has confirmed. At least two people have been killed and 20 injured in the strike, which took place in the central Ukrainian city of Kremenchuk. Kyrylo Tymoshenko, a senior aide to Zelensky, said that those [...]