Top Russian diplomat at the UN resigns: ‘Never have I been so ashamed of my country’ May 23, 2022 Russia’s Counsellor to the United Nations mission in Geneva has resigned saying “never have I been so ashamed of my country” because of the war in Ukraine. In a strongly-worded letter, Boris Bondarev quit his job saying it was “long overdue”, but after a 20-year career he was leaving the diplomatic service. He wrote he’d [...]
Destruction of Russian-focused stocks leads London’s top indexes lower February 28, 2022 A NEAR destruction of Russian exposed London-listed stocks held the City’s top index lower today in a wild day of trading on the Square Mile. The capital’s premier FTSE 100 index lost as much as 1.4 per cent during the morning, before finishing down 0.42 per cent at 7,458.25 points. Meanwhile, the domestically-focused FTSE 250 [...]
Shell announces exit from Russian assets following Downing Street pressure February 28, 2022 Shell will exit is joint ventures with Gazprom following intense government pressure to divest from Kremlin-backed assets.
UK outlines measures to clamp down on Russian oligarchs using the ‘London laundromat’ February 28, 2022 The UK has announced a package of measures today to help ban corrupt Russian oligarchs from laundering their money in London, which will aim to force foreign owners of British assets to reveal their true identities. Business secretary Kwasi Kwarteng said the package will stop “oligarchs and kleptocrats from Russia and elsewhere” who “have used [...]
Downing Street calls on public sector bodies to review contracts with Russian energy suppliers March 28, 2022 The government has instructed public sector bodies to review energy deals and other contracts they have with Russian firms.
Satellite firm Viasat investigates Ukraine broadband cyberattack following Russian invasion February 28, 2022 Satellite communications firm Viasat said this morning that it would be investigating a suspected cyberattack that caused a partial outage in its residential broadband services in Ukraine and across Europe. The US-listed company said a third-party cybersecurity firm was looking into causes of an outage across KA-SAT network, which provides high-speed satellite internet coverage in [...]
Watch the moment a Russian oil depot 100km from Ukraine border is engulfed in flames April 25, 2022 Videos shared on social media show the moment a Russian oil depot north of the Ukrainian border was engulfed in flames. Russia responded to the inferno in Bryansk, 100km north of the border, with state news agency Taas reporting on it at around 2am on Monday morning. Space agency Nasa’s fire tracking site also showed [...]
Ukraine vice prime minister urges crypto exchanges to block Russian users February 28, 2022 Ukraine’s vice prime minister has called for crypto exchanges to block Russian accounts amid concerns digital assets are being used to evade sanctions. Mykhailo Fedorov made the plea on Twitter yesterday as invading Russian forces advanced on Kyiv, the country’s capital city. “I am asking all major crypto exchanges to block addresses of Russian users,” [...]
Top banks left holding Russian stocks after indexing firms give them the boot April 24, 2022 Some of the world’s top lenders have been left holding potentially valuable Russian stocks after FTSE Russell and MSCI booted Russian firms off their indexes, forcing banks to shift clients' holdings onto their own books.
Norwegian wealth fund to dump all Russian holdings following Ukraine invasion February 27, 2022 Norway’s $1.3 trillion sovereign wealth fund will drop all its Russian holdings following Russia’s invasion of Ukraine, the prime minister said today. The fund’s Russian assets consist of shares in 47 companies and government bonds worth $2.83bn, the Oslo government said. “We have decided to freeze the fund’s investments and have begun the process of [...]