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US AND UK SANCTIONS: WHAT THREATS RUSSIAN ECONOMY?

... tranche of financial and economic measures against Russian economy has been announced by the administration of the head of the White House. The recognition of the DPR and LPR by the Russian state and, as a result, the conduct of a military operation in Ukraine caused an ‘unprecedented’ reaction, according to the US Treasury Department. However, the United Kingdom announced sanctions even earlier. The largest Russian banks (including VTB) and the Aeroflot airline fell under the sanctions. This was ...

First patient suffering from Omicron strain of Covid-19 died in UK

... Omicron was not a milder strain of Covid-19. The British prime minister also recalled that the new strain had a very high spreading rate. Johnson called revaccination the only way to protect against the virus. In total, there are about 10 people in UK hospitals suffering from the Omicron strain of Covid-19/ Boris Johnson urged residents of the country to get a third vaccination before the end of the year to increase the level of protection. According to the latest data, 16 cases of omicron infection ...

Major supplier of electricity collapsed in the UK

... seven largest energy companies in the United Kingdom, has gone bankrupt and got under external control. The financial collapse was caused by gas prices, which were established in the fall of 2021. The company's share of electricity suppliers in the UK was about 6%. Experts note that over the past three months, 25 electricity suppliers in the country have already filed for bankruptcy. Several million citizens were their clients. At the same time, the country's authorities are in a state of expectation ...

UK TOUR OPERATORS FACE WAVE OF BANKRUPTCIES

Several companies in the UK have announced their withdrawal from the Travel Trust association. This organization monitors and controls whether the travel companies comply with the regulations established in the United Kingdom. Truly Travel, known under the Teletext Holidays ...

Three more energy suppliers collapsed in UK

The sharp rise in gas prices triggered a wave of bankruptcies of energy suppliers in the UK. The day before, three more firms declared their insolvency - as a result, over 230 thousand customers were left without suppliers. Last Wednesday, three UK energy companies - Igloo Energy Supply Ltd., Enstroga Ltd. and Symbio Energy Ltd. declared ...

SEVERAL ENERGY FIRMS HAVE GONE BURST IN THE UK AT ONCE

A tendency for energy companies to close down has been reported in the UK due to the increase in gas prices Since August - five small operators have already gone burst and four more may soon be closed down as well. The price for gas is to be blamed here - this year, its retail price has increased by 3.5 times. This circumstance ...

PREZZO CHAIN IS CLOSING RESTAURANTS IN THE UK

Italian chain Prezzo will permanently close 22 restaurants after being bought out by private equity firm Cain International. As a result of the deal, 22 of 178 restaurants of the company, located in the UK, will be closed. The deal with the Cain International came after Prezzo was forced to go into the administration after failing to negotiate lease payments with landlords. The investment firm said that 216 of the company’s 2,900 jobs would be lost....

MORE THAN A HUNDRED THOUSAND COMPANIES DECIDED TO SUE GOOGLE

The UK Court of Appeal has received a class action for $16.3 billion against the American multinational corporation Google. Its authors are 130 thousand companies-developers of websites and applications. This is reported by TechCrunch. The statement indicates ...

The British are at risk of being left without ‘fish and chips’ on Fridays

A third of ‘fish and chips’ restaurants in the UK, where the main menu has traditionally been potatoes and fish, may close their doors to visitors. Experts call the military operation carried out by Russia on the territory of Ukraine the reason for such a situation. One of its victims turned out ...

Tennis player Becker found guilty of bankruptcy fraud

German tennis player Boris Becker was found guilty of hiding assets while filing for bankruptcy in 2017. The participant of the Grand Slam tournaments and a six-time winner has been living in the UK since 2012. After the court had made a decision, Becker was released on bail. The court is about to announce the verdict on April 29. The three-time Wimbledon champion faces up to seven years in prison under each charge count. The London court, which ...

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