Russia -Ukraine war

Gazprom, the Russian gas company, plans to sell off its stakes across North Sea assets. It faces compensation claims of multi-billion dollar value from European gas companies due to its drastic reduction of pipeline gas supply in 2022.…

Vladimir Putin was effusive late last year after Gazprom reported record sales to China, telling chief executive and longtime ally Alexei Miller: "This is great, I congratulate you on the results of your work." But the Russian…

After being pressed by his colleagues, Viktor Orban, the Hungarian prime minister, rescinded a veto he had previously taken on the financial aid package. The compromise reached at an emergency EU summit came after an unprecedented…

The Russian operator has suspended operations at a major terminal for gas outside St Petersburg following a large fire that broke out. It was caused, according to the Russian operator, by "external actions". Novatek, Russia’s…

Last year, Russia purchased at least one third of its critical battlefield components abroad from US-based companies and their allies. This was largely due to the fact that production facilities were outsourced to states with weaker export…

Paul Smith's fashion company has warned about the impact of inflation after recording a fourth consecutive loss. The 77-year-old designer's firm said that sales in its global business increased by 7.7pc, to £212.5m, compared to a year…

The EU is working on a plan to provide Ukraine with a financial back-up of up to 20 billion euros, using a debt-structure that will allow it avoid Viktor Orban's objections about funding this war-torn nation. Officials are looking for…

After Denmark reversed decades-old foreign policy and became the last country in the region in which to sign an agreement on defence cooperation with Washington, the US will now be able base troops and equipment in Denmark permanently.…

Rolls-Royce has begun talks with Ukraine’s largest private power company about building a series of mini-nuclear power plants. DTEK, a part of Rinat Akhmetov’s industrial group and a billionaire businessman, has had early discussions…

EU leaders agreed to start talks with Ukraine for its accession after Hungary's Prime Minister changed his mind about opposing this important step for the country. This decision is a significant milestone in Kyiv's path towards joining the…

After a cargo vessel carrying iron ore to steel giant ArcelorMittal, which was damaged by a Russian missile near Odesa, Ukraine sought to assure shipowners that its Black Sea trade corridor is viable. It is the first civilian vessel to…

In the wake of Russia’s invasion of Ukraine, Britain and Poland have agreed to a £4bn (£3bn) air defence contract, which is the largest export contract ever between the two nations. The UK will provide Polish forces with an air defence…

Since the Russian invasion of Ukraine in 2014, more than 100 UK companies admitted to violating sanctions against Russia. As of May 17, the Office of Financial Sanctions Implementation, or OFSI, recorded that 127 companies had reported…

Finance ministers and government officials have warned that the threat of a wider Middle East conflict poses a new threat to the world economy, just as it is recovering from the shocks caused by Covid-19 (the Covid-19 virus) and the Ukraine…

Washington has announced its first sanctions against shipping companies who have violated the G7 cap on Russian oil prices in an effort to crackdown on Putin’s “shadow fleet”. The US Treasury blocked all transactions made with a…

Mark Carney said that it was "not right" for countries with oil and natural gas industries to "shutdown overnight", admitting fossil fuels play a part in net zero. Former Bank of England Governor, John Major, said that before…

Analysts have warned that the risk of an oil leak in the English Channel has increased, due to the fact that Russia relies heavily on tankers older than 23 years old to move supplies around the globe. Vladimir Putin's "shadow fleet"…

House prices in Dubai are rising at the fastest pace in the world following an influx of Russian money. High levels of immigration mean average prices in the Gulf emirate have soared by 15pc between mid-2022 to mid-2023 when adjusted for…