UK blocks Russia from buying professional services following annexation of Ukrainian regions October 3, 2022 The UK has placed new sanctions on Russia, blocking its citizens and businesses from purchasing an array of services from British firms, over the Kremlin’s decision to annex four regions of Ukraine. The new sanctions seek to further damage Russia’s economy by hindering the country’s access to IT consultancy, architectural, engineering, accounting, and commercial legal [...]
Ukraine’s forces push Russia out of key stronghold October 1, 2022 Russian forces have withdrawn from Lyman, with Ukrainian forces threatening to encircle the Donetsk town.
Ukraine’s president Zelensky applies for fast-tracked NATO membership after annexations and nuclear threats September 30, 2022 Ukraine’s president Vlodymyr Zelensky has applied for fast-track application of his country to Nato, after Russia’s illegal annexation of four regions. The head of state issued a statement after a meeting with Kyiv’s national security and defence councils. This comes after Russia’s President Vladimir Putin announced the annexation of eastern-Ukrainian territories of Donetsk, Luhansk, Kherson [...]
Block Russian oligarch from spending frozen funds, High Court told September 27, 2022 The UK’s National Crime Agency (NCA) is seeking to block sanctioned Russian billionaire Petr Aven from using £1.5m in frozen funds stored in bank accounts linked to two companies responsible for managing his central London properties and Surrey estate. The £1.5m funds were frozen by the NCA in May after HSBC and Monzo Bank raised [...]
Russians flee en masse to escape Putin’s mobilisation with few flights out of Moscow costing £10,000 September 27, 2022 Tens of thousands of Russians are fleeing their country to escape the mass military mobilisation that is currently underway. As a result, international flights out of Moscow now cost more than £10,000 per seat for a single ticket. The Kremlin ordered last week that up to 300,000 reservists across Russia should report for duty in [...]
Russia holds its breath as Putin mobilises hundreds of thousands amid risk Ukraine war may turn nuclear September 21, 2022 The Russian president announced earlier this morning a partial military mobilisation, with 300,000 reservists set to be called up as the Kremlin attempts to regain ground in the face of a counter-attack by Ukraine’s forces. Vladimir Putin warned Russia would use “all the means at our disposal” to protect itself as the conflict in Ukraine [...]
Truss vows to maintain UK’s military aid for Ukraine in 2023 September 20, 2022 Liz Truss has vowed to maintain the UK’s military aid for Ukraine next year, after arriving in New York for the United Nations General Assembly. The Prime Minister will underline her commitment to Ukraine in her UN speech tomorrow and tell western leaders that “we must put an end to Putin’s economic blackmail by removing [...]
Value of private equity-backed ‘carve outs’ triples due to Covid and war in Ukraine September 20, 2022 The value of private equity-backed “carve out” deals, through which funds buy up an entire business line, subsidiary, or unit, has more than tripled over the past year. The value of carve out acquisitions by private equity funds jumped threefold from £3.8bn last year to £13.4bn in the year running up to 31 August 2022, [...]
Von der Leyen sets out £120bn energy windfall plan and says Ukraine may join single market September 14, 2022 The European Union has set out plans to raise more than £120bn with a windfall tax and revenue cap on energy suppliers, as its commissioner reiterated the bloc’s backing for Ukraine. The body announced it would cap revenues for non-gas energy suppliers in a bid to reverse the fuel problem in Europe, sparked in part [...]
Wave of optimism and excitement across Ukraine as Russian Army suffers defeat after defeat in dozens of villages September 13, 2022 The sombre mood that has dominated Ukraine since the start of the Russian invasion, at the beginning of February, is rapidly making way for a wave of optimism and excitement after days of successes by the country’s army. Reports yesterday from the Ukrainian military stated that home forces successfully freed more than 20 settlements in [...]