Ukraine war: Shell ends Russian investments as Britain sanctions Moscow banks
2 years, 9 months ago

Ukraine war: Shell ends Russian investments as Britain sanctions Moscow banks

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “We are shocked by the loss of life in Ukraine, which we deplore, resulting from a senseless act of military aggression which threatens European security,” said Shell’s chief executive officer, Ben van Beurden. Liz Truss, the foreign secretary, said all Russian banks would be hit with a full asset freeze within days as she announced new powers to limit them clearing payments in sterling, which will initially target the nation’s largest bank, Sberbank. “With over 50 per cent of Russian trade denominated in dollars or sterling, our coordinated action with the United States will damage Russia’s ability to trade with the world,” she said. She admitted the export ban would hit British companies causing “some economic hardships”, but added: “Those hardships are nothing compared to the people of Ukraine.” Meanwhile, transport secretary Grant Shapps ordered UK ports to deny access to Russian flagged, registered or operated vessels.

Ukraine Russia Russian Shell Britain Sanctions  ends  emails  free  banks  shell  world  cent  russias  sign  venture  investments  breaking  moscow  uk  britain  sanctions  ukraine  russian  war

History of this topic

World's largest wealth fund gets nod to start selling Russian stocks blocked after 2022 Ukraine invasion
2 weeks, 4 days ago

World's largest wealth fund gets nod to start selling Russian stocks blocked after 2022 Ukraine invasion

Firstpost  

Permission to sell the wealth fund’s Russian stocks is given on the condition that the sale can be done in line with applicable sanctions Norway’s sovereign wealth fund, the largest in the world with $1.8 trillion in assets, has received the green light to sell its holdings in Russian companies, provided such transactions comply with international sanctions, the country’s deputy …

Russia loosens rules for fossil fuel payments by foreign countries to bypass US sanctions
2 weeks, 4 days ago

Russia loosens rules for fossil fuel payments by foreign countries to bypass US sanctions

Firstpost  

The loosening of payment rules comes as Russia grapples with economic challenges stemming from the sanctions Russian President Vladimir Putin has eased the process of making payments for fossil fuels for foreign countries. The move to ease payments, announced Thursday in an order by President Vladimir Putin, seeks to mitigate the financial impact of new US sanctions designed to curb …

The biggest remaining unsanctioned Russian bank hit with U.S. sanctions, nearly three years into war
1 month ago

The biggest remaining unsanctioned Russian bank hit with U.S. sanctions, nearly three years into war

Associated Press  

WASHINGTON — Russia’s third largest bank, Gazprombank and its six foreign subsidiaries were hit with U.S. sanctions on Thursday — in a move intended to curtail Russia’s ability to evade the thousands of sanctions imposed on the nation since the start of Russia’s invasion of Ukraine in February 2022. Treasury Secretary Janet Yellen said the sanctions targeting Russia’s largest remaining …

UK to use frozen Russian assets for £2.26 billion loan to support Ukraine war effort
2 months ago

UK to use frozen Russian assets for £2.26 billion loan to support Ukraine war effort

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

US sanctions hundreds of firms accused of supplying Russia’s war machine
4 months ago

US sanctions hundreds of firms accused of supplying Russia’s war machine

Associated Press  

WASHINGTON — The U.S. imposed sweeping sanctions Friday on hundreds of firms in Russia and across Europe, Asia and the Middle East, accusing them of providing products and services that enable Russia’s war effort and aiding its ability to evade sanctions. Friday’s action is the latest in a series of thousands of U.S. sanctions that have been imposed on Russian …

Kremlin warns US after strike on Crimea kills 4
5 months, 4 weeks ago

Kremlin warns US after strike on Crimea kills 4

China Daily  

The Kremlin has blamed the United States for an attack on Crimea with a US-supplied missile loaded with a cluster warhead that killed at least four people and injured 151, warning that retaliation would follow. Russia's special military operation in Ukraine has deepened a crisis in relations between Russia and the West, and Russian officials said the conflict is entering …

US announces hundreds of new sanctions in push to isolate Russia
1 year ago

US announces hundreds of new sanctions in push to isolate Russia

Al Jazeera  

New sanctions target entities and individuals around the world in bid to isolate Russia as its war on Ukraine continues. The United States has announced hundreds of new sanctions targeting entities and individuals across the globe, seeking to further isolate Russia as its war on Ukraine grinds on. “The Kremlin has steadily turned Russia into a wartime economy, but Putin’s …

‘Gazprom not just a gas business’: Russian energy giant sends its own security guards to fight in Ukraine
1 year, 6 months ago

‘Gazprom not just a gas business’: Russian energy giant sends its own security guards to fight in Ukraine

Firstpost  

The Russian-state-affiliated natural gas supplier Gazprom has had more work to do in the Ukraine war. Apart from creating private security firms to recruit soldiers since February this year, Gazprom is reportedly forcing its own security personnel, made of ex-soldiers, to fight in the war. Gazprom’s war business In February, the Kremlin authorised Gazprom, Russia’s largest energy firm, to establish …

Companies find it's not so simple to leave Russia; some quietly stay put
1 year, 6 months ago

Companies find it's not so simple to leave Russia; some quietly stay put

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Companies are lost in “a …

Russian oligarchs close to President Putin still swerving sanctions
1 year, 10 months ago

Russian oligarchs close to President Putin still swerving sanctions

Firstpost  

London: Oligarchs reportedly close to Russian President Vladimir Putin who have had bank accounts frozen or property seized after Moscow’s invasion of Ukraine are pushing back against the Western sanctions – or finding ways around them. Russian banker Petr Aven, who insists he has “no financial or political relationship” with the Kremlin, is asking the UK government to unlock £60,000 …

Russia’s Gazprom threatens Europe gas cuts through Ukraine
2 years, 1 month ago

Russia’s Gazprom threatens Europe gas cuts through Ukraine

Associated Press  

Russian energy giant Gazprom has threatened to reduce natural gas supplies through the last pipeline heading to Europe via Ukraine, saying the amount it’s supplying for Moldova is not ending up in the former Soviet republic. The energy crisis has hit Moldova especially hard, with Russia halving its natural gas supply and Moscow’s attacks on Ukraine’s energy infrastructure triggering massive …

US sanctions non-Russians linked to military suppliers
2 years, 1 month ago

US sanctions non-Russians linked to military suppliers

Associated Press  

WASHINGTON — The U.S. said Monday it was imposing sanctions on a list of people and firms around the globe that it alleged are involved in supporting Russia’s military as it wages war on Ukraine. He said the U.S. “will continue to crack down on Russia’s attempts to evade international sanctions to fund its war machine.” The Treasury Department’s Office …

Live Updates | Russia-Ukraine-War
2 years, 1 month ago

Live Updates | Russia-Ukraine-War

Associated Press  

WASHINGTON — U.S. Defense Secretary Lloyd Austin told reporters on Thursday that the U.S. has still not seen anything to indicate that Russian President Vladimir Putin has decided to use a dirty bomb. ___ KEY DEVELOPMENTS: — ‘Kill everyone’: Russian violence in Ukraine was strategic — Europe’s energy crisis raises firewood prices, theft fears — UN optimistic on Ukraine grain …

Ukraine's Zelensky's “good news” on settlements recaptured from Russia
2 years, 3 months ago

Ukraine's Zelensky's “good news” on settlements recaptured from Russia

Hindustan Times  

Ukrainian leader Volodymyr Zelensky spoke of "good news" on the battlefields of eastern Ukraine, saying his army had retaken some towns and villages from Russia in what open source analysts said looked like a deep and sudden thrust behind Russian lines. In his daily late night address on Wednesday, President Zelensky said he had received news that his forces had …

Russia-Ukraine war: List of key events, day 196
2 years, 3 months ago

Russia-Ukraine war: List of key events, day 196

Al Jazeera  

Here is the situation as it stands on Wednesday, September 7. Myanmar has started buying Russian oil products and is ready to pay for deliveries in roubles; the RIA news agency cited military ruler Senior General Min Aung Hlaing as saying. Russia questioned a UN-brokered deal with Ukraine to boost grain and fertiliser exports by both countries, accusing Western states …

Russia's Gazprom says that it has suspended gas supplies to Latvia
2 years, 4 months ago

Russia's Gazprom says that it has suspended gas supplies to Latvia

Firstpost  

The declaration came a day after Moscow and Kyiv accused each other of bombing a jail holding Ukrainian prisoners of war in Russian-held territory Moscow: Russian energy giant Gazprom Saturday suspended gas supplies to Latvia following tensions between Moscow and the West over the conflict in Ukraine and sweeping European and US sanctions against Russia. Russia’s defence ministry on Friday …

Russia-Ukraine crisis updates | Russia continues to ‘raise true hell,’ Ukraine governor says
2 years, 5 months ago

Russia-Ukraine crisis updates | Russia continues to ‘raise true hell,’ Ukraine governor says

The Hindu  

Ukraine urged its allies to send more weapons as its forces dig in, hoping to stall Russia's military advance through the eastern Donbas region, while Ukraine's chief negotiator said a turning part was approaching in the conflict. A few days before the attack, Ukrainian soldiers took up positions inside the nursing home, effectively making the building a target.-AP G20 Blinken …

Ukraine latest updates: Russian reserves heading to Luhansk
2 years, 6 months ago

Ukraine latest updates: Russian reserves heading to Luhansk

Al Jazeera  

Ukraine news from June 18: Luhansk governor says reserves are coming from other battle areas to the front-line at the eastern city of Severodonetsk. 18 Jun 2022 - 16:15 GMT Russia sending large number of reserve troops to Severodonetsk: Ukrainian governor Russia is sending a large number of reserve troops to Severodonetsk from other battle zones to try to gain …

Russia-Ukraine crisis live updates | EU leaders ban most Russian oil, as Moscow advances in Donbas
2 years, 6 months ago

Russia-Ukraine crisis live updates | EU leaders ban most Russian oil, as Moscow advances in Donbas

The Hindu  

European Union leaders agreed on May 30 to embargo most Russian oil imports into the bloc by year-end as part of new sanctions on Moscow worked out at a summit focused on helping Ukraine with a long-delayed package of new financial support. Mr. Biden told reporters outside the White House on May 30 that “we are not going to send …

Shell in talks with Indian consortium to sell Russian LNG plant stake: sources
2 years, 6 months ago

Shell in talks with Indian consortium to sell Russian LNG plant stake: sources

The Hindu  

Shell is in talks with a consortium of Indian energy companies to sell its stake in a major liquefied natural gas plant in Russia, three sources told Reuters, highlighting India's willingness to step into the space left by Western companies following Moscow's invasion of Ukraine. The sources said Shell has recently entered into talks with a group of Indian companies, …

Russia-Ukraine crisis live updates | Russia declares travel ban on 963 Americans, including Biden and Blinken
2 years, 7 months ago

Russia-Ukraine crisis live updates | Russia declares travel ban on 963 Americans, including Biden and Blinken

The Hindu  

Russia claimed to have captured Mariupol on Friday in what would be its biggest victory yet in its war with Ukraine, after a nearly three-month siege that reduced much of the strategic port city to a smoking ruin, with over 20,000 civilians feared dead. Here are the latest updates: Russia Russia declares travel ban on 963 Americans, including Biden and …

Russia-Ukraine war: List of key events, day 78
2 years, 7 months ago

Russia-Ukraine war: List of key events, day 78

Al Jazeera  

As the Russia-Ukraine war enters its 78th day, we take a look at the main developments. Fighting Ukrainian forces are keeping up a counterattack to the north of the second largest city of Kharkiv and recapturing several towns and villages towards the Russian border, the British defence ministry said. Political and human impact The Russian-occupied region of Kherson in Ukraine …

Latest Ukraine updates: Kherson seeks annexation
2 years, 7 months ago

Latest Ukraine updates: Kherson seeks annexation

Al Jazeera  

Latest Ukraine news from May 11: Pro-Kremlin administration in southern Ukrainian region says it will ask to be incorporated into Russia by 2023. 11 May 2022 - 10:02 GMT Russia does not want war in Europe: Lavrov Russia’s foreign minister has said Moscow does not want war in Europe, but accused Western powers of seeking to “defeat Russia”. Latest Defence …

Group of 7 issues new sanctions against Russia over Ukraine invasion
2 years, 7 months ago

Group of 7 issues new sanctions against Russia over Ukraine invasion

LA Times  

The U.S., European Union and Group of 7 leaders on Sunday unveiled a fresh round of sanctions targeting Russia’s industrial sector, state-controlled media and Russian and Belarusian finance executives from major banks including Russia’s Gazprombank. The announcement came as President Biden held virtual talks with G-7 leaders along with Ukrainian President Volodymyr Zelensky on the eve of Russia’s Victory Day, …

Russia-Ukraine crisis updates | April 28, 2022
2 years, 7 months ago

Russia-Ukraine crisis updates | April 28, 2022

The Hindu  

“I want to emphasise again that all the tasks of the special military operation we are conducting in the Donbas and Ukraine, launched on February 24, 2022, will be unconditionally fulfilled,” Russian President Vladimir Putin said during an address to both the houses of the country’s Parliament on Wednesday. Russian forces have pushed deep into east Ukraine and captured several …

Russia-Ukraine crisis updates | April 27, 2022
2 years, 7 months ago

Russia-Ukraine crisis updates | April 27, 2022

The Hindu  

Russian forces hit key bridge linking Odesa to Romania, Ukrainian officials said. Gazprom fully halts gas supplies to Bulgaria's Bulgargaz and Poland's PGNiG due to their failure to pay in rubleshttps://t.co/TriIMjWpyB — Gazprom April 27, 2022 President of the European Commission Ursula von Der Leyen said the Russian energy provider’s move to unilaterally stop delivery of gas to the two …

Russia-Ukraine war: Gazprom cuts gas supplies to Poland, Bulgaria
2 years, 7 months ago

Russia-Ukraine war: Gazprom cuts gas supplies to Poland, Bulgaria

Al Jazeera  

Poland and Bulgaria accuse Gazprom of breaching contracts after it cuts off gas, demands payments in Russian roubles. Russia’s Gazprom has suspended gas deliveries to Poland and Bulgaria, citing the two countries’ refusal to pay in Russian roubles, prompting accusations of “blackmail” and emergency talks at the European Union headquarters in Brussels. In a statement on Wednesday, the Russian energy …

Russia-Ukraine war: What happened today (April 27)
2 years, 7 months ago

Russia-Ukraine war: What happened today (April 27)

NPR  

Russia-Ukraine war: What happened today Enlarge this image toggle caption Czarek Sokolowski/AP Czarek Sokolowski/AP As Wednesday draws to a close in Kyiv and in Moscow, here are the key developments of the day: Russia halted the supply of gas to Poland and Bulgaria, which Western leaders called "blackmail." Sponsor Message Ukraine's Defense Ministry believes Russia plans to establish a new …

Shell says Russia exit has already cost $5 billion
2 years, 8 months ago

Shell says Russia exit has already cost $5 billion

Associated Press  

LONDON — Shell says its decision to pull out of Russia in response to the country’s invasion of Ukraine has already cost the international energy giant as much as $5 billion. The reduced value of Russian assets, credit losses and “onerous” contract terms will cut earnings for the first three months of the year by between $4 billion and $5 …

Energy giant Shell announces it will sever ties with Russia over invasion of Ukraine
2 years, 9 months ago

Energy giant Shell announces it will sever ties with Russia over invasion of Ukraine

ABC  

Energy giant Shell says it will stop buying Russian oil and natural gas and shut down its service stations, aviation fuels and other operations in the country amid international pressure for companies to sever ties over the invasion of Ukraine. Key points: Shell originally planned to continue its operations in Russia, the world's second-largest oil producer It was criticised by …

Ukraine says Russia steps up shelling of residential areas
2 years, 9 months ago

Ukraine says Russia steps up shelling of residential areas

Deccan Chronicle  

LVIV, Ukraine: Russian forces intensified shelling of cities in Ukraine’s center, north and south, a Ukrainian official said, upending attempts to evacuate besieged civilians. With the Ukrainian leader urging his people to fight in the streets, Russian President Vladimir Putin shifted blame for the invasion, saying Moscow’s attacks could be halted “only if Kyiv ceases hostilities.” The outskirts of Kyiv, …

Ukraine says Russia steps up shelling of residential areas
2 years, 9 months ago

Ukraine says Russia steps up shelling of residential areas

Associated Press  

LVIV, Ukraine — Russian forces intensified shelling of cities in Ukraine’s center, north and south, a Ukrainian official said, upending attempts to evacuate besieged civilians. With the Ukrainian leader urging his people to fight in the streets, Russian President Vladimir Putin shifted blame for the invasion, saying Moscow’s attacks could be halted “only if Kyiv ceases hostilities.” The outskirts of …

Russia Ukraine War: President Zelensky says Russia sanctions not sufficient
2 years, 9 months ago

Russia Ukraine War: President Zelensky says Russia sanctions not sufficient

India TV News  

Highlights Zelensky appealed to the West to strengthen sanctions against Russia Zelensky called for organizing a tribunal to bring to justice those who carry out such crimes Russia has said it would strike Ukraine's military-industrial complex As Russian forces increased their shelling of Ukraine, President Volodymyr Zelenskyy appealed to the West to strengthen sanctions. In a video statement Sunday evening, …

Putin bans asset sales by foreign investors in bid to shore up Russian economy
2 years, 9 months ago

Putin bans asset sales by foreign investors in bid to shore up Russian economy

The Telegraph  

Vladimir Putin is to roll out a temporary ban on foreign investors selling their assets in Russia in a move that risks derailing plans by BP and Shell to cut ties with the country. Prime Minister Mikhail Mishustin insisted companies were being driven by political pressure and that new rules were needed to ensure they took a considered decision before …

Shell to pull out of energy investments in Russia over war
2 years, 9 months ago

Shell to pull out of energy investments in Russia over war

Associated Press  

LONDON — Global oil and gas giant Shell said Monday that it is pulling out of Russia as President Vladimir Putin’s invasion of Ukraine continues to cost the country’s all-important energy industry foreign investment and expertise. Shell announced its intention to exit its joint ventures with Russia’s state-owned energy giant Gazprom and related entities, including a 27.5% stake in a …

Shell pulls out of energy investments in Russia over war
2 years, 9 months ago

Shell pulls out of energy investments in Russia over war

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Western companies in Russia’s oil and gas sector
2 years, 9 months ago

Western companies in Russia’s oil and gas sector

Al Jazeera  

Some facts about exposure of Western oil and gas companies to Russia. The following are some facts about the exposure of Western oil and gas companies to Russia, which calls its actions in Ukraine a “special operation”: BP The British oil company has a 19.75 percent stake in Rosneft, headed by Igor Sechin, a longstanding ally of President Vladimir Putin. …

Latest Ukraine news: Guterres says dialogue must remain open
2 years, 9 months ago

Latest Ukraine news: Guterres says dialogue must remain open

Al Jazeera  

Russia-Ukraine news from February 28: UN General Assembly held its first emergency session in decades over Ukraine. EU headquarters said those listed include “oligarchs and businessmen active in the oil, banking and finance sectors,” government officials, top military brass and “propagandists who contributed to spread anti-Ukrainian propaganda and promote a positive attitude towards the invasion of Ukraine.” 28 Feb 2022 …

Shell abandons Russia and Nord Stream 2 pipeline
2 years, 9 months ago

Shell abandons Russia and Nord Stream 2 pipeline

The Telegraph  

Shell has pledged to sever ties with the Kremlin by exiting its joint ventures with the Russian state-backed energy colossus Gazprom. The oil giant said it will end its tie-up with Gazprom by selling its 27.5pc stake in the Sakhalin 2 liquefied natural gas plant and will stop working on the Nord Stream 2 pipeline project, which Germany put on …

Government puts pressure on BP over Russian interests
2 years, 9 months ago

Government puts pressure on BP over Russian interests

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. A Whitehall source told the PA news agency: “BP …

European companies’ Russian ties could make sanctions tough
2 years, 10 months ago

European companies’ Russian ties could make sanctions tough

Associated Press  

FRANKFURT, Germany — Europe is contemplating sanctions against Russia if it invades Ukraine — and the work is far from simple. Sanctions would seek to maximize the pain for the Kremlin, its key banks and energy companies but also avoid jeopardizing the continent’s Russian-dependent energy supplies or inflicting too much damage on European companies with strong ties to Russia, including …

Discover Related