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…
UK Joins US, EU in Sanctioning Russia’s Central Bank, Aims to ‘Devastate’ Economy, ‘Target’ Putin and Sergey Lavrov
February 28, 2022
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Business & EconomyChancellor of the Exchequer Rishi Sunakeconomic policieseconomyEuropeMarketsRussia Ukraine invasionRussia-Ukraine WarSWIFT banking systemUKUK sanctionsWorld
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UK Chancellor Attributes Energy Price Hike to Chinese Demand and Long Colder Winter
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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