Aircraft leasing firm BOC retrieves 747 from Russian operator March 30, 2022 Aircraft lessor BOC Aviation announced today it had retrieved a Boeing 747 freighter from Russian operator AirBridgeCargo. The aircraft was flown on 25 March from Hong Kong to California after a US judge allowed the company to repossess it. The Singapore-based lessor explained that the plane was worth $148m and AirBridgeCargo had breached leases for [...]
BP ditches stake in Rosneft after Russian invasion of Ukraine February 27, 2022 BP will ditch its near 20 per cent stake in Kremlin-backed energy giant Rosneft, following Russia's invasion of Ukraine.
Polymetal reports boost in Russian demand for gold as sanctions hamper exports March 30, 2022 Russian gold miner Polymetal said it remains resilient to the impact of sanctions today after a boost in demand from Russians looking to store their cash in the traditional safe haven asset.
France, Germany and Nordic countries close airspace to Russian planes February 27, 2022 France, Germany and the Nordic countries – Sweden, Finland, Denmark and Iceland – are joining the growing list of countries who closed their airspace to Russian aviation following the Kremlin’s invasion of Ukraine. “France is shutting its airspace to all Russian aircraft and airlines from this evening on,” tweeted French transport minister Jean-Baptiste Djebbari. “To [...]
Germany ‘won’t stand in the way’ of EU ban on Russian oil imports April 29, 2022 Germany has dropped its opposition to a potential European Union (EU) ban on Russian oil imports after weeks of resisting the move.
UK set to fast-track crackdown on Russian ‘dirty money’ February 27, 2022 Number 10 is planning on bringing forward legislation as soon as next week to create a register for the beneficiaries of overseas firms, which would reveal the true owners of properties across the UK as tensions with Russia moves ahead with Ukraine invasion. According to an exclusive report from Sky News, an insider at Number [...]
Nations allowing a deluge of Russian money are a threat to our global democracies March 29, 2022 In the month since Russia’s invasion of Ukraine, the West has come together to face what could be the greatest military crisis since the beginning of the Cold War. This has clearly wrong-footed Putin and the invasion has not gone according to his plan. This geopolitical explosion has been a long time in the making, [...]
French police seize Russian cargo ship in English Channel February 26, 2022 A ship that could belong to a Russian company suspected of violating trade sanctions was seized by French sea police in the early hours of this morning, according to reports by Reuters. The ship was diverted to the French port of Boulogne-sur-Mer between 2am and 3am, said Captain Veronique Magnin of the French Maritime Prefecture, [...]
Credit Suisse slashes Russian exposure as lawmakers probe sanction compliance March 28, 2022 Scandal-stricken bank Credit Suisse has announced it will stop pursuing new business in Russia and slash its current exposure to the country, as it comes under fire from US lawmakers over potential breaches of sanctions rules.
Bank of England should use Russian reserves to repair Ukraine economy March 27, 2022 The Bank of England should use the Russian central bank’s frozen reserves held at Threadneedle Street to help rebuild the Ukrainian economy. That’s according to the head of Ukraine’s central bank who today urged governor Andrew Bailey and co to allocate the around £21bn of sanctioned assets to repairing the damage inflicted on Ukraine’s cities [...]