Kremlin seizes Danone and Carlsberg subsidiaries in latest sanctions pushback July 17, 2023 The Russian state has taken control of French yoghurt maker Danone’s Russian subsidiary along with beer company Carlsberg’s stake in a local brewer, according to a decree signed by President Vladimir Putin on Sunday. The decree said that foreign-owned stakes in Danone Russia and Baltika Breweries were being put under the “temporary management” of government property agency Rosimushchestvo. It comes after the Russian subsidiaries of Germany’s Uniper and Finland’s Fortum were taken under state control in April. The Kremlin warned [...]
Russia admits error after pilot ‘thought he had permission to shoot down RAF spy plane’ September 14, 2023 A Russian pilot tried to shoot down an RAF spy plane believing he had been given permission to fire, according to a report. Russia blamed a “technical malfunction” for causing the incident over the Black Sea on September 29 last year. But intercepted communications suggest the pilot fired after receiving an ambiguous command from a [...]
Ukraine sea drones attack Russia port damaging ship as Kyiv fightback continues August 4, 2023 Ukrainian sea drones have attacked a major Russian port on the Black Sea, damaging a naval ship, according to a Ukrainian official. It is the latest in a series of strikes inside Russia as Kyiv vowed to bring the fight home to them. Moscow claimed it repelled the attack. The strike on Novorossiysk marks the [...]
Fighting Russian and Chinese disinformation requires a cohesive strategy from Western governments April 8, 2021 Given the world of the internet and multiple platforms, there is undoubtedly more content out there than at any other time in the history of man. Unfortunately, and predictably, along with this news explosion, the very unhealthy scourge of state-sponsored disinformation–with the West’s authoritarian foes trying to take advantage of this editorially unregulated Wild West [...]
The multibillion pound court battle keeping the City’s law firms busy December 21, 2023 Aircraft leasing companies immediately turned to their insurers after their planes were stranded in Russia. But their refusal to cough up has set up a multi-billion pound court showdown.
Ukraine ‘launches missile strike on headquarters of Russia’s Black Sea fleet’ September 22, 2023 Ukraine has carried out a missile strike on the headquarters of Russia’s Black Sea fleet, with one serviceman missing, the Russian defence ministry has said. The Russian-installed governor of Sevastopol, Mikhail Razvozhayev, said no one was injured outside the burning headquarters but did not provide information on other casualties. Firefighters battled the blaze and more [...]
Abramovich-owned steelmaker Evraz plunges in value as sanctions spark investor exodus February 28, 2022 Shares in Russian steelmaking giant Evraz plunged over 20 per cent this morning as Western sanctions sent the Russian economy into chaos, with the rouble falling over 28 per cent.
Putin notches up tension as Russia’s upper house revokes ratification of nuclear test ban October 25, 2023 Putin has noted that, while some experts have argued that it is necessary to carry out nuclear tests, he has not yet formed an opinion on the issue.
Petropavlovsk considers subsidiary sales amid financial pressure and sanctions April 14, 2022 Troubled Russian gold producer Petropavlovsk has confirmed it is considering the sale of operating subsidiaries.
Russian budget retailer Fix Price targets London listing February 15, 2021 Russian budget retailer Fix Price this morning announced plans to launch a London listing. The company, which is the largest value retailer in Russia, said the potential initial public offering on the London Stock Exchange would allow it to pursue growth and international expansion. Fix Price, which launched in 2007, has more than 4,200 stores [...]