Moscow plots retaliation following EU blacklisting of 21 Russian airlines April 12, 2022 Moscow’s aviation regulator said it was planning countermeasures after the EU Commission banned 21 Russian airlines from operating. The Rosaviatsia said Brussels’ decision attested to a “policy of discrimination and violation of international aviation law,” which is expected to bring about “response measures” from Moscow’s side. The EU Commission announced yesterday it had added a [...]
OPEC warns of global supply shock if EU sanctions Russian oil April 12, 2022 OPEC has warned the European Union sanctions on Russian fossil fuels could create one of the worst global oil supply shocks in history.
Ukraine: Putin orders Wagner group and Russian troops to advance in ‘most sectors’ but MoD says gains won’t ‘achieve decisive effect’ February 14, 2023 Vladimir Putin’s troops have been commanded to advance in “most sectors” but are struggling to achieve a major breakthrough on the Ukrainian front line, British military chiefs have said. The Ministry of Defence (MoD) said on Tuesday that the Russians have “not massed sufficient offensive combat power” on any one axis to “achieve a decisive [...]
Mothercare delays pension deficit payments after disruption of Russian operations April 11, 2022 Mothercare said it would be posting a higher than expected profit on Monday. In a pre-close trading update, the baby-clothes seller said it expected that EBITDA before adjusting items would be in the range of £11.5m to £12m for the year to 26 March. The retailer’s share price fell by a dramatic seven per cent [...]
Sanctions bite: London-listed Russian mining firm Petropavlovsk to suspend trading and file for administration July 12, 2022 London-listed Russian gold mining firm Petropavlovsk will cease trading and file for administration after revealing it was unable to repay a $201m (£169.3m) loan to a sanctioned bank. Sanctions against Kremlin-linked firms continued to bite this week, with the Petropavlovsk in debt to Gazprombank, that has been targeted over the war in Ukraine. The bank [...]
EU scraps plans to ban shipping of Russian oil imports amid backlash May 10, 2022 The European Union has been forced to abandon plans to bar the shipping of Russian crude oil amid pushback from member states.
The City View: Analysing the G7 plan to phase out Russian oil May 9, 2022 Today Andy Silvester talks to City A.M. reporters Nicholas Earl and Leah Montebello. They go through the G7’s decision to phase out Russian oil, historically elevated gas prices, unpick Snapchat owner Snap Inc.’s plan to compete with the likes of TikTok, and break down Uber’s CEO Dara Khosrowshahi’s recent letter to employees. And in the [...]
Crypto exchange Coinbase blocks 25,000 Russian accounts March 8, 2022 Crypto exchange Coinbase has blocked 25,000 accounts linked to Russian individuals and businesses.
Ukrainian engineers fight back against Russian cyber attacks March 8, 2022 IT professionals in Ukraine have been fighting the raging cyber war against the Russians as Kremlin forces invade its cities. As reported by Computer Weekly, data and communications industry engineers have been working from bomb shelters and local communities to maintain internet connection throughout Ukraine’s cities. It comes as Russian forces have tried to intercept [...]
Next to wind down Russian operations after invasion of Ukraine March 7, 2022 Fashion retailer Next will close its Russian operations following the invasion of Ukraine, as British brands move to condemn the country. The clothing retailer informed staff at its Russian distribution hub that it will be winding down the operation in an orderly way. It told staff its website will be closed for Russian customers too, [...]