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The Latest Breaking News from Gazprom

UK businesses and fund managers scramble to cut ties with Russia’s Kremlin-linked firms

British Gas, Total, and City fund managers in charge of trillions of pounds are rapidly dropping investments in Russia in response to Ukraine invasion

The Independent UK

British Gas owner follows BP and Shell in cutting Russia ties

Centrica announces end of gas supply agreement with Kremlin-controlled Gazprom

The Guardian - UK

‘Uninvestable’: Businesses rush to cut ties with Russia as ‘moral’ pressure grows

Shell has cut links with state gas company Gazprom, investors are dumping stocks and bitcoin is spiking with the rouble at all-time lows

Evening Standard

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True cost of Gazprom sponsorship with UEFA set to lose millions from cutting Russia ties

UEFA have severed their deal with Russian state-owned energy company Gazprom despite only agreeing a lucrative extension with the former Champions League sponsor last year

Daily Mirror

UK firms rush to dump Russian assets amid efforts to isolate Moscow

British Gas owner Centrica cuts ties as Legal & General, Abrdn and Nest all try to sell stocks

The Guardian - UK

Fund managers ditch Russian assets, global stocks slide, bitcoin rises after latest sanctions – as it happened

European stocks slide further while Moscow stock exchange remains closed for second day; rouble steadies and Brent crude rises above $100 a barrel

The Guardian - UK

A Double Ouch For Gazprom: Shell, UEFA End Deals With Russian Energy Giant

Gazprom (OTC: OGZPY), the Russian-state owned energy giant which is also the world’s largest publicly-traded natural gas company, received a one-two punch Monday with Shell plc (NYSE: SHEL) terminating its development

Benzinga

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UEFA make huge Russia decision that may impact Arsenal, Chelsea and Spurs in Champions League

Russian clubs and national team suspended from competing as Gazprom sponsorship ended with immediate effect

Football London

Russia expelled from World Cup as FIFA and UEFA hand down bans

Paris (AFP) - Russia has been expelled from the World Cup after being suspended from all international competitions "until further notice", FIFA and UEFA announced in a joint statement on Monday, while European football's governing body also ended its partnership with Russian energy giant Gazprom.

AFP

Shell cuts ties with Gazprom as Britain steps up sanctions on Russia over Ukraine invasion

‘We are shocked by the loss of life in Ukraine’ says oil giant chief executive

The Independent UK

Shell to sell all stakes in Gazprom joint ventures

The oil giant said the Russian invasion was “senseless” and that it will divest its stakes worth around three billion dollars.

The Independent UK

Shell joins BP in selling Russian assets as pressure on Kremlin-linked firms grows

British oil major to exit joint ventures with Gazprom after BP pledged to sell its 20% Rosneft stake

The Guardian - UK

UEFA and FIFA trigger World Cup and Europa League eliminations as ALL Russian teams plus Gazprom given the boot

It means Russia will be eliminated from World Cup qualifying while Spartak Moscow will not take part in the Europa League.

Daily Record

‘We will not stand by’: Shell exits Russia projects worth $3bn as Ukraine backlash grows

ENERGY giant Shell has bowed to pressure to exit all joint ventures with Kremlin-controlled oil firm Gazprom, ditching stakes in three major gas projects and the undersea pipeline Nord Stream 2 worth a total of $3 billion.

Evening Standard

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The Independent UK

Uefa end partnership deal with Russian sponsor Gazprom with immediate effect

The deal was estimated to be worth between €40-60m a year with the company a headline sponsor of the Champions League

Evening Standard

FIFA and UEFA suspend all Russian football teams from competition after invasion of Ukraine

All Russian football teams have been handed an indefinite ban from international football following the invasion of Ukraine, UEFA and FIFA have announced.

Benzinga

Severe Sanctions On Russia: The EU Imposes Nuclear-Level Sanctions On Russia, Ratcheting Up Economic Risks; Beaten-Down Russian Stocks Get Beaten Down More

Matti/Pexels Sanctions On Russia Go To Eleven In our previous post (Russia's Invasion of Ukraine: Risks and Opportunities), we wrote that one reason U.S. markets bounced after Russia's invasion of Ukraine was that

AFP

FIFA in 'advanced discussions' to expel Russia from World Cup

Paris (AFP) - FIFA is in "advanced discussions" to suspend the Russian national team from international competitions including the World Cup following the invasion of Ukraine, a source with knowledge of the talks told AFP on Monday.

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The Conversation

Swift: ejecting Russia is largely symbolic – here's why

Russia’s invasion of Ukraine is horrifying. Western leaders, fearing a broader war, are responding primarily with economic sanctions. A prominent economic sanction has been Russia’s exclusion from the international payments messaging system Swift, presented as a powerful means of undermining its economy.

Evening Standard

City comment: Russian gas will keep flowing even if Shell ditches Gazprom

Shell must follow BP and dump Gazprom.

Evening Standard

No Gazprom adverts in Champions League as Uefa aim to end relationship with Russian energy giant

There will no be adverts for Russian state-run energy giant Gazprom during the next round of Champions League matches, as UEFA aims to end its relationship with the company.

Evening Standard

Shell faces pressure over Gazprom after rival BP pulls plug on $25bn Russia assets

ENERGY giant BP’s decision to sever links with Kremlin-controlled Rosneft has piled pressure on other oil majors to follow suit, with FTSE 100 rival Shell facing calls to dump its Russian assets.

The Independent UK

Schalke end Gazprom sponsorship early after Russia’s invasion of Ukraine

The 2 Bundesliga club maintain the move does not affect the club’s financial capabilities, while Uefa are under pressure to cut ties with Gazprom too

The Guardian - UK

Russian central bank hikes rates and closes stock market as rouble crashes; oil and gas soar – as it happened

Commodities including wheat and aluminium surge and European stocks slide as markets respond to wider sanctions on Russia

AFP

Sporting sanctions can land significant blow on Putin, say experts

Paris (AFP) - Russia hosting the 2018 World Cup, the scandal-plagued 2014 Winter Olympics and Gazprom's sponsorship of the Champions League were powerful tools for the country's global image and gained Vladimir Putin prestige amongst the Russian population.

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