Nowhere for the Kremlin’s enablers to hide as the City closes ranks
LSE boss David Schwimmer said the exchange had decided against immediate action to allow institutional investors time to exit their positions. It also doesn’t go far enough…
Sainsbury’s renames chicken kievs and pulls all Russian-made products
Sainsbury’s is renaming its chicken kievs and removing all Russia-made products from its shelves in the most decisive action yet by a supermarket following Vladimir Putin’s invasion. …
Ukrainian refugees will turbocharge the economy of any country wise enough to accept them
True, there are some short-term costs. With all the men under 60 required to stay and fight, women and children are arriving with little more than the…
London’s new music venue attempting to jazz up Elton John’s old stomping ground
Just north of London’s Chinatown stands a rare occurrence on Britain’s high streets: a new music venue. Outernet, led by developer Consolidated Developments, is part of a…
Financial armageddon looms as investors wait for Moscow’s ‘uninvestable’ stock market to reopen
Circulating Twitter is a picture of a set of china bowls hanging precariously inside a glass cabinet. The implication is that it will come crashing to the…
Property manager Graham Bonham-Carter’s accounts frozen after being accused of helping Oleg Deripaska evade sanctions
He said their complicated ownership structures, which involved companies registered in the British Virgin Islands and Cyprus, were simply designed to “mask the ultimate beneficial owner”, the…
Russian economy will be decimated by western sanctions, JP Morgan predicts
Russia faces a crushing economic recession on the scale of its 1998 financial crisis, top analysts have predicted, with savings wiped out and the currency devastated. Sanctions…
BT forced to keep working with Russia’s telecoms operator
Rostelecom is Russia’s biggest telecoms company, with its 13m broadband subscribers and 10.9m pay TV customers and generates revenues of about £2.8bn a year. BT Global provides…
Poland beefs up its navy with deal to buy British Type 31 frigates
Construction began in September on HMS Venturer, the inaugural vessel for the Royal Navy. The five ships Britain has ordered will cost £1.25bn, meaning they cost about…
How sanctions are crippling the economy of ‘Fortress Russia’
Russians will soon begin to feel the squeeze from sanctions on shop shelves and in prices as countless businesses boycott the country. Apple, the world’s most valuable…
Europe vows to wean itself off Russian gas to ‘ensure Putin fails’
Speaking to Bloomberg, she said: “We have to take all the measures that are at our disposal. “This will have a strong impact on consumers and the…