Month: March 2022

Decisions by BP and Shell to exit their investments in Russia, along with Norway’s $1.3tn sovereign wealth fund and Australia’s $143bn Future Fund, have thrown the spotlight on other major international companies yet to disinvest. BP on Sunday announced it would “exit” its 19.75% stake in Rosneft, the Russian state-controlled oil giant, while on Monday
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Sanctions imposed on Russia for invading Ukraine caused the rouble to plummet on Monday but as it dropped the value of cryptocurrencies including Bitcoin and Ethereum shot up. Unlike the global financial system where central authorities can prevent Vladimir Putin’s regime from accessing the Kremlin’s foreign reserves, and Russian banks from using the SWIFT payments network,
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Ofcom has launched an “unprecedented” 15 investigations into the “due impartiality” of programmes on Russian news channel RT. Speaking to Sky News, Dame Melanie Dawes described the situation as “serious” and said she was “expecting full cooperation” from RT (formerly known as Russia Today) as they attempt to look into potential rule breaches as quickly
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The UK “stands ready” to take Ukrainians fleeing the Russia’s invasion in “considerable numbers”, Boris Johnson has said. Speaking in Warsaw alongside Polish Prime Minister Mateusz Morawiecki, Mr Johnson said he is “more convinced than ever” that Vladimir Putin’s invasion of Ukraine will fail. With hundreds of thousands of Ukrainians fleeing the Russian invasion, the
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Warner Brothers, The Walt Disney Company and Sony Pictures will not release their latest films in Russian cinemas, in response to the conflict in Ukraine. The major Hollywood studios announced their decisions on Monday as Russian military forces continued attacks on Ukrainian cities. The decisions mean that superhero blockbuster The Batman starring Robert Pattinson, computer-animated
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