‘Cosmic’ borrowing costs stop Russian bond sales as debt teeters on brink of default April 11, 2022 “Cosmic” borrowing costs have forced Russia to stop bond sales for the rest of the year, as its debt teeters on the brink of defaulting. Sanctions on the Kremlin continued to bite, as its finance minister revealed drastic action this week. This comes after Western sanctions forced it to pay bondholders in roubles, despite it [...]
Full Russian energy embargo could stop war, says ex-Putin aide April 10, 2022 A full embargo on Russian energy exports by western countries could effectively end the invasion of Ukraine immediately, according to a former Vladimir Putin aide. Dr Andrei Illarionov said Putin “did not take seriously” the threats from the UK, EU and US to ban Russian oil and gas. European countries have vowed to end their reliance [...]
Twitter removes Russian embassy’s post calling Ukraine’s maternity bombing staged March 10, 2022 Tweets from the Russian embassy in London have been removed by the social media giant after it suggested that images from Ukraine's Mariupol maternity hospital bombing yesterday were staged.
OPEC+ maintains modest hike in oil production as EU weighs up Russian import ban May 5, 2022 OPEC+ has agreed a modest increase in its oil production targets next month, following a meeting earlier today.
Smoking them out: Cigarette giant Imperial Brands halts Russian operations March 9, 2022 Maker of JPS and Winston cigarettes Imperial Brands has suspended all operations in Russia, including production at its factory in Volgograd, as well as sales and marketing activity. It comes as countless Western brands boycott Russia following its invasion of Ukraine, with the likes of Apple and Netflix recently pulling the plug. “This decision comes amid [...]
Russian government rolls back intellectual property rights in response to Western sanctions March 9, 2022 The Russian government is pushing forwards with plans to undermine intellectual property rules and reverse the rights of Western patent holders, in an effort to counter the impacts of Western sanctions. The Russian government this week said Russian companies have no obligation to pay patent holders from countries that sanctioned Russia for use of their [...]
Russian ‘dumb bomb’ attack kills dozens of civilians in Ukrainian city of Chernihiv March 9, 2022 A Russian airstrike that reportedly killed 47 civilians in the northern Ukrainian city of Chernihiv may constitute a war crime, human rights group Amnesty International said today following an investigation into the attack. At approximately 12.15pm on Thursday 3 March, a small public square formed by Chernihiv’s Viacheslava Chornovola and Kruhova streets was hit by multiple [...]
Fitch warns investors to brace for heavy losses on Russian debt as default looms March 9, 2022 One of the world’s top credit rating agencies has told investors in Russian debt to brace for severe losses. Fitch last night downgraded Moscow sovereign debt to a C rating, meaning the risk of a Russian default is “imminent”. President Vladimir Putin’s decision to order all interest payments on sovereign government debt held by foreign [...]
Russian oligarch is continuing to use law firm’s address without permission, company says April 6, 2022 Scottish corporate law firm Burness Paull has claimed a Russian oligarch is continuing to use its address, without its permission. The claims come after it emerged that Alexey Krapivin – who is accused of using a network of shell companies to channel billions of dollars out of Russia’s state-owned railway operator – is in control [...]
Ukraine: UK bans all Russian oil imports from end of 2022 March 8, 2022 The UK will ban all imports of Russian oil and oil products from the end of this year in response to the invasion of Ukraine, business secretary Kwasi Kwarteng has announced. Kwarteng said the government would provide support to businesses in managing the transition, while also saying that he is “exploring options” in regards to [...]