Gas prices jump amid escalating Ukraine-Russia tensions and threats of US sanctions December 7, 2021 Gas prices are on the rise again amid growing tensions between Russia and Ukraine, with traders weighing up the risk of fresh sanctions from the US.
Magic Circle law firm Freshfields drops sanctioned Russian bank as client in battle over sacred Jewish manuscripts March 9, 2022 One of London’s oldest law firms, Freshfields Bruckhaus Deringer, has pulled out of representing Russia’s state-backed development bank, VEB.RF, in a legal battle between the Russian bank and a Hasidic Jewish group, over a collection of thousands of sacred Jewish texts that fell into the hands of the Soviet Union during the Bolshevik revolution. Freshfields [...]
Kremlin cronies face more sanctions while furious Putin fires eight generals: ‘Clusterf**k’ invasion not going well’ March 15, 2022 More family members of Russian oligarchs can expect to be targeted with sanctions, a UK official said this afternoon. The official, asked about the potential to sanction family members of Russian elites, said: “Yes, there is actually quite a wide range, out of the 370, who are family members. “There is a number of members, [...]
Ethereum developer pleads guilty to helping North Korea evade sanctions September 28, 2021 Ethereum developer Virgil Griffith has pled guilty to conspiracy charges after helping North Korea to evade US sanctions using crypto payments. Griffith yesterday admitted to conspiracy to violate the International Emergency Economic Powers Act by helping North Korea to set up crypto payment infrastructure. The software expert was arrested in 2019 after speaking at the [...]
Western banks pay £684m in taxes to Vladimir Putin’s regime April 29, 2024 The largest western banks that still operate in Russia paid more than €800m (£684m) in taxes to the Kremlin last year in a sign that foreign companies remaining in the country are helping Vladimir Putin weather international sanctions.
Best of this week in our opinion pages: from the fintech world to a tax regime to sanction Putin to what social media are doing in the disinformation wars March 19, 2022 As Levelling Up Secretary Michael Gove disclosed the Homes for Ukraine scheme to host people fleeing war in Ukraine, Ajaz Ahmed wrote about the countless refugees who have reached British shores and set up incredibly successful businesses, effectively contributing to the growth of this country. Ahmed also called for businesses to step up and do [...]
Hong Kong leader backs to adopt China anti-sanctions law August 10, 2021 Hong Kong chief executive Carrie Lam said today she supports implementing China’s anti-foreign sanctions law in the city through local legislation. At her weekly press conference, Lam said she supports Beijing’s law to be listed in the annex of Hong Kong’s mini-constitution known as the Basic Law. “We will do its utmost to fulfil its [...]
EU agrees sanctions against Belarus for Ryanair ‘hijacking’ June 18, 2021 The EU has today agreed economic sanctions against Belarus after Alexander Lukashenko’s regime forced a flight to land to detain a dissident journalist. The Austrian foreign ministry and a number of dissidents said that a technical agreement on the sanctions, the toughest yet response to the incident, had been reached. The punishment, if they are [...]
Huawei revenues collapse nearly a third as it peddles against US sanctions August 6, 2021 Chinese telecoms giant Huawei Technologies has watched its revenue collapse by almost a third so far this year, as it peddles against the waters of US sanctions. Revenue hit $49.5bn in the six months to June, down 29 per cent, the group reported today. With its handset business struck by US sanctions, the UK’s decision [...]
China passes law to retaliate against foreign sanctions June 10, 2021 China has passed a law today that will allow it to counter foreign sanctions, according to state broadcaster China Centra Television (CCTV). The bill was passed by China’s National People’s Congress (NPC) standing committee after a second review, after a secret first review in April. Little is yet known of the law, but it comes [...]