Four million Russians to lose their jobs due to Western sanctions August 11, 2022 Four million Russians are set to lose their jobs due to the impacts of Western sanctions, according to new research from the Kyiv School of Economics. The sanctions are set to see Russia’s economy contract by up to 9.5 per cent this year, the study shows. High oil and gas prices have shielded Russia from the [...]
UK imposes ‘first of their kind’ sanctions on Russian hackers who attacked British firms, schools and hospitals February 9, 2023 The UK government has imposed “first of their kind” sanctions on seven Russian hackers accused of using ransomware attacks to take millions from British firms. The Russian hackers are alleged to have used “cynical cyberattacks” to extort at least £27m from 149 British victims, including schools, hospitals, and private businesses. The cybercriminals will now be [...]
Furious En+ chairman hits back at Bloomberg for ‘wrong article’ on US sanctions October 17, 2022 Christopher Burnham, chairman of En+ Group, generally considered the world’s leading producer of low carbon aluminium and hydropower, has hit back at media giant Bloomberg. Its news site ran an article on 12 October making a series of allegations with regards to En+ Group’s relations to Russia and sanction compliance, which City A.M. won’t repeat [...]
UK introduces new Russian airline sanctions May 19, 2022 The UK has announced new restrictions on Russian airlines as the war in Ukraine continues.
Briton arrested and facing extradition to US for allegedly helping Russian oligarch with ties to Putin evade sanctions January 25, 2023 A British man has been arrested in Spain for extradition to the US for allegedly helping an oligarch with close ties to Russian President Vladimir Putin evade sanctions. The US Department of Justice (DoJ) said in a statement that Richard Masters, 52, was arrested by the Spanish Guardia Civil last Friday, though his Russian-Swiss co-accused [...]
Russia blood diamonds are latest Kremlin sanction from UK as Sunak goes after 86 more Putin-linked individuals May 19, 2023 Britain is banning Russian diamonds in a new wave of sanctions to pressure Vladimir Putin over his invasion of Ukraine as Rishi Sunak warns allies against complacency at the G7 summit in Japan. The Prime Minister announced the new measures against Russia, also including a prohibition on imports of Russian-origin copper, aluminium and nickel on [...]
Over 30 UK homes tied to sanctioned oligarchs remain unfrozen assets October 3, 2022 Around £700m worth of luxury homes previously linked to sanctioned oligarchs have not been flagged for asset freezes, according to new research by campaign group Transparency International UK. Some 33 homes, flats and office blocks across London and Surrey – including mega-mansion Witanhurst – have not been restricted on the UK property register, the group [...]
US-China tensions, tariff hikes and Russia sanctions force firms to look at ‘onshore’ supply chains January 16, 2023 Logistics executives increasingly believe top companies should look to bring their supply chains closer to home to avoid being impacted by trade wars, sanctions and other global shocks, a new survey has found. Supply chain managers increasingly see ‘onshoring’ and ‘near-shoring’ as a means of hedging against disruption to global trade caused by the Covid-19 [...]
UKH Hacker Young sanctioned after Laura Ashley audits July 13, 2022 UKH Hacker Young has been “severely reprimanded” and slapped with a £350,000 fine by the accounting watchdog over its audit of Laura Ashley. The Financial Reporting Council has imposed serious sanctions on the firm for its audit of the fashion retailer for the 2018 and 2018 financial years. The retailer, which had 155 UK stores [...]
Iran side-steps US sanctions with $10m cryptocurrency import August 10, 2022 Iran has officially made its first multi-million dollar import using cryptocurrency as it looks to circumvent US sanctions.