Budweiser owner AB InBev to exit Russian venture in $1.1bn hit April 22, 2022 Budweiser owner Anheuser-Busch InBev has said it will cut off supplies of its beer to Russia by selling its stake in a joint venture to a Turkish partner. The move will trigger a $1.1bn impairment charge in the world’s largest brewer’s first quarter results. The Belgian brewer revealed it was in “active discussions” about selling [...]
As Moscow muscles in on Ukraine, Russian money still poisons our shores January 28, 2022 It is on the borders that you see the threads coming apart. In Ukraine and Bosnia the danger unravelling in Europe feels urgent as agreements that have kept us safe and peaceful are being challenged. With 100,000 Russian troops massed on the border it’s easy to focus on them, but it’s not just tanks that [...]
Watch the dramatic moment a Russian ship goes up in flames after a Ukrainian strike March 24, 2022 Dramatic footage has been shared on social media reportedly showing the moment a Russian landing ship burst into flames. Ukraine’s navy shared a short clip on Twitter showing the vessel after being hit by the Kyiv’s forces in the port city of Berdyansk. The ship, called the Orsk, was according to the Telegraph an Alligator-class [...]
London-listed Russian stocks plummet after Putin launches invasion of Ukraine February 24, 2022 Shares in major London-listed Russian firms plunged this morning after Vladimir Putin launched a full-scale invasion of Ukraine and Boris Johnson threatened to “hobble” Russia with sanctions in retaliation.
Gold surges as investors seek steady ground following Russian invasion of Ukraine February 24, 2022 Gold and palladium prices surged this morning as investors looked for steady ground in a morning which saw global equity markets plunge after Russia invaded Ukraine. Gold climbed 3.4 per cent to $1,971.54 per ounce by 11:40 GMT, the highest since September 2020. U.S. gold futures jumped 2.4% to $1,956.00. “Investors are diverting investments from [...]
Wimbledon confirms ban on Russian and Belarusian tennis stars including Daniil Medvedev and Aryna Sabalenka April 20, 2022 Wimbledon has confirmed that it will ban Russian and Belarusian tennis stars, including former men’s world No1 Daniil Medvedev, due to the Kremlin’s war in Ukraine. Medvedev and women’s No4 Aryna Sabalenka are the highest ranked players affected by today’s announcement from the All England Club. Others impacted are the former women’s world No 1 [...]
Hungary names its price as country holds fresh talks with EU over Russian oil ban May 17, 2022 Europe's game of energy brinkmanship continued today, with the EU holding talks with Hungary over financial support to back a Russian oil ban.
Cyber hack leaks personal details of UK government employees, which appear on Russian sites April 20, 2022 A suspected cyber attack leaked personal information of UK government employees, which appeared on Russian online sites. The foreign office launched an urgent investigation into the alleged hack, as it seeks to explore the origin of the leak amid fears a hostile foreign state was involved, according to the Telegraph. It told City AM we [...]
Ukraine is the victim of Europe’s refusal to wean itself off of Russian gas February 23, 2022 Either you master history or history masters you. Decades worth of political risk analysis can almost always be boiled down to this aphorism. In the case of Europe’s dealings with Valdimir Putin, rather than mastering history, Europe has vainly tried to take a holiday from it; we’re now watching the doleful results. First, let’s dispense [...]
Ukraine: Starmer calls for UK to block Russian access to City of London January 25, 2022 The UK must block Russia from the City of London’s web of financial services firms if it invades Ukraine, Sir Keir Starmer has said. The Labour leader said Boris Johnson must make “tough decisions” when drawing up potential sanctions against the Kremlin, including “cutting Russian access to the international financial system” and stopping the “illicit [...]