Against a backdrop of unprecedented turmoil – the first major war in Europe in three decades, the highest inflation rates in decades and a rapidly worsening global food crisis – western leaders have met for two major summits. The G7 met in Germany and Nato leaders gathered in Madrid. The outcomes of both events indicate…
INTERNATIONAL Russia banned from the SWIFT banking system At least 17 European countries have set up no-fly zones for Russian aircraft The EU, US, UK and their allies have agreed to cut off a number of Russian banks from SWIFT – the main international payment system. Russia is heavily reliant on the SWIFT system,a secure…
Russia’s invasion of Ukraine has prompted a wave of sanctions as global leaders seek to ramp up pressure on the Kremlin and punish ‘blood-stained aggressor’ Vladimir Putin, in the words of Boris Johnson. The United States, Britain, Japan, Canada, Australia and the European Union have unveiled more sanctions on Moscow on top of penalties earlier…