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Russia -Ukraine war
Ukraine rejects Russian threats as container ship departs Odesa
On Wednesday, a container ship departed Odesa for Istanbul. This was the first vessel to depart Ukraine's ports after Russia threatened to strike civilian shipping in Black Sea last month.
Oleg Kiper, Odesa’s governor, wrote on Telegram…
Vladimir Putin to meet on currency control after the rouble’s fall
Two people with knowledge of the situation said that President Vladimir Putin would discuss the need to tighten currency controls on Wednesday, after an unprecedented 3.5 percent rate hike failed to stop the rouble from falling.
The…
Russia exploits billions of dollars oil cap loophole
According to an analysis, the inflated shipping costs have enabled Russian companies to earn much more from crude oil exports to India than they previously thought. The charges could have generated more than $1bn for a single quarter.…
Ukrainian government bonds soar as Kyiv’s cash pile increases
Ukraine's government bonds have surged in price over the past two months as investors grow more optimistic about how much of their money they will get back in an eventual restructuring of the war-torn country's debt.
Kyiv's debt tumbled…
Prices of wheat and oil soar after the attack on a Russian ship by Ukraine
Wheat and oil prices surged after Ukraine launched an attack on a Russian naval ship, prompting warnings about the potential impact of escalating conflicts in the Black Sea Region increasing food and energy costs.
Benchmark wheat…
Ukraine allies boosted by ‘constructive signals’ from China at Jeddah discussions
China has indicated that it is willing and able to participate in further international discussions on the resolution of the conflict in Ukraine. This was confirmed by European officials, who praised its "constructive participation" in a…
European companies hit by Russian operations for €100bn
Europe's biggest companies have suffered at least €100bn in direct losses from their operations in Russia since President Vladimir Putin's full-scale invasion of Ukraine last year, according to analysis.
A survey of 600 European groups'…
Wizz Air’s chief lauds the ‘capitalist’ spirit behind the £100mn bonus package.
Wizz Air’s chief executive said that the extension of a bonus incentive package for him to unlock a £100mn shows "the prevalence of capitalist spirits" despite the significant opposition of some investors.
The resolution passed by the…
UK Industry Still Selling to Russia
Trade data analysis shows that despite the invasion in Ukraine, British manufacturers continued to supply Russia's key industrial equipment.
Many British industrial manufacturers cut off their business ties with Russia after the…
Evian faces a £170m loss after Russian factories are seized by the Kremlin
The French food giant Danone suffered a €200m loss (£170m), after Vladimir Putin seized its Russian factories.
The company that owns Evian, Actimel and other brands has announced it will "deconsolidate its operations" in the country.…
Nestle employees in Russia face conscription.
Nestle is under pressure from its Russian customers to pull out of the country, and more than 7,000 Nestle employees in Russia could be conscripted for the Ukraine War.
The Russian food giant refused to confirm whether it would…
Russia attacks Ukraine grain silos with a ‘barbarian attack’
The EU has said that Moscow's "barbarian" attitude in attacking food supplies is demonstrated by the third night of bombings on Ukraine's ports.
Ukrainian authorities reported that the strikes early Thursday morning on Odesa, a Black Sea…
Russia declares that ships heading for Ukraine will be treated like’military threats’
Russia warned that it would treat all ships heading towards Ukraine's ports like military threats. This move sent European and US grains futures skyrocketing.
The announcement came after Russia decided this week to withdraw its agreement…
Russia’s decision to not extend the Black Sea grain agreement is final
Antonio Guterres, UN Secretary General, has expressed his regret at Russia's decision of terminating the Black Sea grain agreement. Guterres said that hundreds of millions people will suffer from hunger and consumers who are already…
Sweden is poised to enhance Nato’s Northern Defences
Sweden is poised to join Nato, after Turkey dropped their objections. This marks a historical turning point for the Scandinavian nation that has cherished its non-aligned military status for over two centuries.
In 2013, the Russian air…
How Russia lost the Arctic permanently to NATO
The Arctic is a place that gets attention from the international community every so often. It's the second-most austere region on earth. This is one of them. The imminent additions of Sweden and Finland into Nato makes this a momentous…
Vladimir Putin claims that Russian state paid billions to Wagner paramilitaries
Vladimir Putin said that the Russian state paid billions to the Wagner paramilitary organization, as new details of the deal which ended 's mutiny last weekend emerged.
Putin acknowledged for the first, after years of Kremlin denialism,…
Putin raises charges for flying above Russia in a scramble to raise money
Vladimir Putin increases airline charges for using Russian airspace by five percent as he scrambles to raise hundreds millions more dollars to fund the war against Ukraine.
In recent weeks, the Kremlin approved a 20pc increase in…