UK says it may take up to 200,000 Ukraine refugees amid Kremlin promise of ceasefire after ‘relentless’ Russian shelling March 8, 2022 UK Defence Secretary Ben Wallace said this morning the UK may take up to 200,000 refugees from Ukraine, various various schemes and visa routes. Wallace told Sky News around 200,000 Ukrainian nationals may be able to settle in Britain. His remarks come after the Kremlin promised again this morning safe corridors for civilians. However, the [...]
Energy sanctions on Russia could leave Europe exposed warn analysts March 8, 2022 Analysts suggest Europe will struggle to make up the shortfall in Russian gas supplies if it rolls out energy sanctions on the country.
Wheat price rallies could hurt hospitality and cause food prices to spike warn industry leaders March 8, 2022 Hospitality and supermarkets could bear the brunt of rocketing record prices following Russia's invasion of Ukraine.
Editorial: An ‘off-ramp’ for Putin? West can only offer him a u-turn March 8, 2022 As Russia’s invasion of Ukraine goes ever more bloody and ever more of a military disaster for the Kremlin, it has become trendy to talk of giving Putin an “off ramp” that allows him to save face, whilst also bringing to an end the senseless murder being unleashed on Ukraine. Putin’s people themselves offered one [...]
China calls friendship with Putin ‘ironclad’ amid heavy fighting and claims 10,000 Russian soldiers are now dead March 8, 2022 China’s foreign minister has called Russia his country’s “most important strategic partner” as Beijing continues to refuse to condemn the invasion of Ukraine despite growing pressure from the US and European Union (EU) to use its influence to rein Moscow in. Wang Yi said Chinese ties with Moscow constitute “one of the most crucial bilateral [...]
Bulb Energy could cost taxpayers £3bn amid spiralling wholesale prices March 7, 2022 The collapse of Bulb Energy (Bulb) into special administration could cost taxpayers £3bn after Russia's invasion of Ukraine.
Ukraine: Johnson to set out UK energy strategy ‘in days ahead’ as EU clings to Russian oil and gas March 7, 2022 Boris Johnson has vowed to set out a new UK energy strategy to deal with the fallout of the Ukrainian invasion as EU leaders declare they cannot cut off Russian oil and gas yet. Johnson said the plan will be set out “in the days ahead” and that the UK is looking at “using more [...]
Ukraine crisis highlights Europe’s dependency on Russian gas March 7, 2022 | City Talk Russia is currently facing the ire of the world following its illegal invasion of Ukraine, which is bringing misery to millions. It is also the second largest producer of natural gas in the world. It serves European consumers of energy through a number of pipelines. Proximity and the ease of transport means supplies from the [...]
Gas prices soar to £8 per therm as West weighs up sanctions targeting Russian energy supplies March 7, 2022 Natural gas prices in the UK and Europe have rocketed from already-record highs, peaking at a staggering £8 per therm earlier today.
Russia to be hit harder than West from impact of sanctions on trade March 7, 2022 Russia will be hit harder in the long term than the West from the impact of sanctions on global trade, said German think tank the Kiel Institute for World Economy. According to a model simulation published alongside the Austrian Institute of Economic Research (WIFO), a trade war with the West – US and Europe – [...]