Alisher Usmanov: Ex Arsenal and Everton backer has assets ‘transferred into irrevocable trusts’ March 23, 2022 Former of Arsenal FC shareholder Alisher Usmanov says most of his property has been “transferred into irrevocable trusts” in a bid to evade UK sanctions. The Russian billionaire claims he has protected some of his most valuable properties and his £437m yacht after they were frozen earlier this month. According to The Times, a spokesperson [...]
Highest since 2015: Russian inflation goes through the roof as level accelerates to 12.5 per cent March 23, 2022 It seems another headache is coming Vladimir Putin’s way as inflation in Russia has shot up to 12.5 per cent, the country’s highest level since 2015. Annual inflation in Russia accelerated to 12.5 per cent as of March 11, its highest since late 2015 and up from 10.4 per cent a week earlier, the economy [...]
Ukraine war may be starting to pay off for Putin as Zelensky is prepared to ‘compromise’ in apparent U-turn March 23, 2022 Reports are coming in from Kyiv this morning that Ukrainian President Volodymyr Zelensky is prepared to discuss a commitment from Ukraine not to seek NATO membership in exchange for a ceasefire, the withdrawal of Russian troops and a guarantee of Ukraine’s security. “It’s a compromise for everyone: for the West, which doesn’t know what to [...]
Total severs Russian oil supply contracts March 22, 2022 French oil giant TotalEnergies said it would cut off the Russian gasoil and crude oil supply contracts for its German refinery today.
Oil rally stalls as EU remains split on sanctions March 22, 2022 Oil prices stumbled today as the prospect of an EU embargo on Russian oil faded - while the dollar also strengthened in the US.
Ukrainian activists try to block Abramovich’s £450m superyacht from mooring at Turkish port March 22, 2022 A group of Ukrainian activists – including at least five children – people attempted to stop sanctioned Russian billionaire Roman Abramovich’s £430m yacht from mooring in a Turkish port. The luxury vessel called Solaris was confronted in the resort of Bodrum by a rubber dingy filled with children and teens, holding Ukrainian flags with the [...]
Bosses at UK arm of Russian energy giant Gazprom seek to buy it out as insolvency looms March 22, 2022 Bosses at the UK arm of Russian energy giant Gazprom have made a bid to buy it out, as sanctions against its parent company threaten to make it insolvent. Manchester-based Gazprom Energy, which supplies more than a fifth of gas used by UK companies, has been left just days from needing a government bailout through [...]
Russia re-registers 800 aircraft amid anti-sanctions campaign March 22, 2022 Russia said today it has re-registered 800 aircraft after President Putin signed a law last week which allows Russian carriers to take ownership of foreign-leased planes. The news comes on the same day Moscow said 78 of its aircraft were impounded by foreign governments. “(We have) lost 78 planes,” said Russian transport minister Vitaly Savelyev. [...]
Energy giants face EU windfall tax March 22, 2022 Energy giants could be hit with a windfall tax from the EU - with the trading bloc weighing up a temporary levee amid high profits.
Cotton and wheat prices rebound as fears of supply shortages mount March 22, 2022 Cotton price soared to 131.7 cents per pound yesterday - its highest level since June 2011, with robust demand from China.