Tag: Chancellor of the Exchequer Rishi Sunak

UK Joins US, EU in Sanctioning Russia’s Central Bank, Aims to ‘Devastate’ Economy, ‘Target’ Putin and Sergey Lavrov

February 28, 2022
Business & EconomyChancellor of the Exchequer Rishi Sunakeconomic policieseconomyEuropeMarketsRussia Ukraine invasionRussia-Ukraine WarSWIFT banking systemUKUK sanctionsWorld
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The UK government has joined the European Union (EU) and the United States in announcing new sanctions against the Russian Central Bank in a bid to ramp up pressure against Moscow for its invasion of Ukraine. The new sanctions are aimed at preventing the Central Bank of the Russian Federation (CBR) from deploying foreign reserves…

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UK Chancellor Attributes Energy Price Hike to Chinese Demand and Long Colder Winter

February 4, 2022
Chancellor of the Exchequer Rishi Sunakcost-of-living expensesenergy priceUKWorld
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The increasing demand in China and a “long cold winter” across Eurasia are among the factors that caused the energy price hike in the UK, the British finance minister said on Thursday. Chancellor of the Exchequer Rishi Sunak said “the steep rise in demand for gas in places such as China” has pushed up global…

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