Roman Abramovich brazenly flies Bermuda’s red ensign on his two superyachts

Roman Abramovich has been brazenly sailing his two superyachts under Red Ensign flags giving them British protection on the high seas – despite facing UK sanctions. The under-fire oligarch has both his luxury yachts – together estimated to be worth nearly £1.2 billion – registered in the British overseas territory of Bermuda. It entitles them … Read more

UK shale gas stocks rise: Government rethinks fracking as Russia sanctions intensify energy crisis

UK shale gas stocks IGas Energy PLC and Egdon Resources PLC saw their prices rise this week as the government rethinks its position on fracking, which could see domestic gas resources unlocked to ease dependence on Russian imports. Cuadrilla, a privately held company, has led the UK shale gas sector which had largely stalled in … Read more

McDonald’s closes 850 restaurants in Russia 32 years after launch in Moscow

When it first opened its doors in January 1990, 30,000 Russians who had lived under the iron fist of Soviet rule queued patiently to get their first taste of McDonald’s Big Mac.  The fast-food giant’s first outlet in Russia opened in Moscow’s Pushkin Square, and caused such excitement that some people joined the queue without … Read more

BUSINESS LIVE: UK’s Russian co’s on sanctions; Mothercare exits Russia

BUSINESS CLOSE: FTSE jumps back above 7,000; London-listed Russian firms shrug off sanctions; Mothercare set for costly Russia exit By Mike Sheen For This Is Money Published: 08:06 GMT, 9 March 2022 | Updated: 17:15 GMT, 9 March 2022 The FTSE 100 rebounded 226.61 points to 7190.72 today, and the pound was at $1.32 against … Read more

RUSSIA-UKRAINE LIVE: Oil hits $125 a barrel, where to donate and experts ask is Vladimir Putin ill?

RUSSIA-UKRAINE LIVE: Oil hits $125 a barrel, Russia claims to open new ‘humanitarian corridors’, Sky News reporter Stuart Ramsay recalls being shot at, where to donate as Justin Welby backs Ukraine appeal and experts ask ‘is Vladimir Putin ill’? By Mark Duell for MailOnline Published: 07:31 GMT, 7 March 2022 | Updated: 10:58 GMT, 7 … Read more

Putin-linked oligarchs could see UK properties seized permanently

Putin-linked oligarchs could see UK properties seized by government PERMANENTLY and used to house Ukrainian refugees under tough new sanctions being drawn up by Michael Gove Michael Gove is drawing up extra measures to target sanctioned oligarchs Properties could be seized for good without government paying compensation Cabinet ‘enthusiastic’ about the idea but lawyers have … Read more