EU finalises compromise deal to cut gas usage ahead of winter July 26, 2022 EU member states have settled on a diluted emergency plan to curb gas demand this winter in case Russia turns off the taps this winter.
Staff cuts in crime agencies would ‘completely undermine’ UK’s fight against oligarchs, campaigners warn July 26, 2022 Campaigners have called on the UK government to rule out plans to slash headcounts in the enforcement agencies tasked with fighting economic crime, after warning any cuts would “completely undermine” Britain’s bid to crack down on the kleptocrats, criminals, and oligarchs that seek to launder dirty money in the UK. UK government plans to cut [...]
Naftogaz suffers setback with bondholders rejecting debt freeze proposal July 25, 2022 Naftogaz has revealed its bondholders are set to refuse its two-year debt payment freeze request, alongside a setback from the government.
Zelensky: Russia cannot be trusted to hold up grain deal after ‘barbaric’ Odessa strike July 25, 2022 Ukraine’s president condemned Russia’s “barbarism” following a strike on Odessa, as he said the Kremlin cannot be trusted to observe a grain exportation deal. President Volodymyr Zelenskiy hit out after Saturday’s attack by Moscow, in wake of an agreement facilitated by Turkey for Kyiv to resume exports from Black Sea ports like Odessa. The deal [...]
Germany hands €15bn to Uniper in bailout deal July 24, 2022 The German government has stepped in to rescue troubled utility giant Uniper with a whopping €15bn bailout after suffering sharp losses.
Russia and Ukraine agree deal to resume grain exports July 22, 2022 Russia and Ukraine reached a deal today that will resume grain exports from Ukrainian Black Sea ports. The agreement will restore Ukraine’s global grain exports after the war blockaded exports and caused a stoppage, sending food prices surging around the world and causing a global crisis. “The agreement signed today by Ukraine, the Russian Federation [...]
Russia accused of ‘stealing’ UK-bound steel worth £500m July 22, 2022 Russia was accused of “stealing and “looting” £500m worth of steel bound for customers in Europe, including in the UK, by the chief of Ukraine’s biggest steel company. Metinvest CEO Yuriy Ryzhenkov said the steel, some bound for the UK, was being stolen from plants and ports in Ukraine and transferred to Russia to be sold, [...]
Ukrainian poultry and grain giant faces ‘complex challenges and disruptions’ amid Kremlin’s war July 22, 2022 MHP SE, the parent company of a major international poultry and grain producer based in Ukraine, announced it is experiencing “complex challenges and disruptions” following the Russia-Ukraine war. The company suffered an 11 per cent decline in poultry production from 63,735 tonnes to 63,735 tonnes in June 2022 compared to a year ago and an [...]
Ukraine grain crisis set to end with Turkey facilitating Kyiv-Moscow deal July 22, 2022 The global grain crisis caused by Russia’s blockade of Ukrainian ports is set to end when the two countries sign a deal today facilitated by Turkey. Kyiv and Moscow will reportedly agree to allow the export of grain through Ukraine’s Black Sea ports, spurring hopes that the shortage of supply will end and prices will [...]
EU member states Greece and Spain raise red flags over winter rationing plans July 21, 2022 EU proposals to ration gas this winter to stave off supply shortages have been met with opposition from member states Greece and Spain.