UK businesses and fund managers scramble to cut ties with Russia
The IndependentFor 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. Read our privacy policy Western businesses and fund managers scrambled to cut ties with Kremlin-linked firms on Tuesday amid growing fears of damage to their reputations as Vladimir Putin stepped up Russia’s brutal assault on Ukraine. On Tuesday, British Gas owner Centrica said it would quit supply agreements with Russian companies including state-backed gas giant Gazprom. The UK’s biggest fund manager, £1.3 trillion Legal & General Investment Management, said it had sold stakes in Russian companies and was reviewing its policies. This map shows the extent of Russia’s attack on Ukraine Schroders, one of the UK’s largest pension fund managers with £574bn under management, said that it was reviewing its policies and investments towards Russia.
History of this topic
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‘Gazprom not just a gas business’: Russian energy giant sends its own security guards to fight in Ukraine
Firstpost)
Russian oligarchs close to President Putin still swerving sanctions
Firstpost
For companies still selling in Russia, ‘essential’ is a loose term
Live Mint
Column: Here’s the ‘hall of shame’ of companies that haven’t left Russia
LA Times
‘Think carefully’ about Russian investments, Sunak warns businesses
The Independent
Ukraine war: Shell ends Russian investments as Britain sanctions Moscow banks
The Independent
European companies’ Russian ties could make sanctions tough
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