A global food crisis could spell a bigger catastrophe than Vladimir Putin’s war August 26, 2022 You always knew you had reached an intellectual dead end when foreign policy grandees sat around a table and recommended sanctions as an all-purpose answer to any problem. While such an initiative almost never practically worked in terms of changing the policy of the offending country, it made political sense in a Washington sort of [...]
Global uncertainty strengthens case for UK oil and gas, says industry boss October 23, 2023 Emerging geopolitical challenges are strengthening the case for domestic oil and gas production, argued the chief executive of OEUK.
UK sanctions six Russian officials over Alexey Navalny poisoning October 15, 2020 The UK will enforce asset freezes and travel bans on officials responsible for the poisoning of Russian opposition leader Alexey Navalny, the foreign secretary has announced. Dominic Raab today said the UK will apply sanctions announced this morning by the EU against six Russian individuals and an entity involved in the attempted murder of Navalny [...]
Revolut chief Nikolay Storonsky renounces Russian citizenship October 30, 2022 The head of London fintech giant Revolut has renounced his Russian citizenship amid the Ukrainian government’s decision to sanction his Ukrainian born father over his position at Gazprom’s research arm. Revolut co-founder Nikolay Storonsky Jr previously held both British and Russian passports, but renounced his Russian citizenship in response to the country’s invasion of Ukraine, [...]
Credit Suisse asks investors to ‘permanently erase’ documents linked to oligarch loans March 2, 2022 Credit Suisse has issued a legal request to investors asking them to “destroy and permanently erase” documents relating to its clients’ private jets and yachts, as it looks to prevent leaks of its dealings with now-sanctioned Russian oligarchs.
Pernod restarts exports of Beefeater gin to Russia – but Absolut vodka still contraband April 26, 2023 The world’s second-largest wine and spirits seller Pernod Ricard has restarted exports to Russia but insists it’s “not business as usual”. Beefeater gin will once more be drank in Moscow bars following the decision which was condemned by the Moral Rating Agency as “disgusting as it is ironic”. The company insisted it stands “firmly with [...]
China will drive oil demand to record 100m-plus barrels per day, keeping prices elevated February 15, 2023 China will drive oil consumption to record levels this year, as the world's second largest economy reopens following sustained lockdowns.
Illicit transaction volume in crypto hit ATH in 2022 January 12, 2023 A much-anticipated annual report has revealed that 2022 experienced more crypto crime than any other year.
British firms face ‘debanking’ for trading with Ukraine, business leaders warn August 16, 2023 UK businesses reportedly face being ‘debanked’ over trading relationships with Ukraine, business leaders have warned. Firms are increasingly “afraid to trade with Ukraine from the UK” due to the risk of having their accounts forcibly closed by overly risk-averse financial institutions, it has been claimed. According to Politico, both the British-Ukrainian Business Council (BUBC) and [...]
Mel Stride urges Johnson and cabinet to ‘row together’ and end hostilities after vote June 20, 2023 Work and Pensions Secretary Mel Stride expressed hope that Boris Johnson and the Cabinet can now “row together” and end the hostilities. Mr Stride told Times Radio he backed the Privileges Committee’s findings that the former prime minister lied to MPs but said he felt “quite uneasy” with the 90-day suspension recommended so decided to [...]