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An active week for alliances

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Economy

UK households face £38bn hit from rising energy bills

UK households face a £38bn hit to their budgets from an expected doubling in electricity and gas bills following Russia’s invasion of Ukraine,...
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What targets are left for US sanctions in Russia?

As US president Joe Biden announced his decision to impose a ban on Russian energy imports this week, he reflected on the damage...
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US poised to end normal trade relations with Russia

US president Joe Biden is poised to end normal trade relations with Russia on Friday, a person familiar with the matter said, in...
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Economy

Russia has destroyed $100bn of Ukraine’s economic assets, says Zelensky adviser

More than half of Ukraine’s economy has shut down and infrastructure assets worth $100bn have been destroyed since Russia launched its invasion of...
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Economy

US ban on Russian oil will have limited effect

The tactical reasoning behind the US ban on Russian oil and gas imports, and a UK plan to phase out Russian oil imports...
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Economy

EU nations should tap recovery plan funds amid Ukraine crisis, says official

Brussels has told EU countries to use the €200bn of unused loans available under the bloc’s recovery plan before considering more collective borrowing,...
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Economy

Chinese smartphone shipments to Russia plunge as rouble collapses

China’s biggest smartphone makers are slashing their shipments to Russia because of the rouble’s collapse and western sanctions despite pressure from Beijing to...
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