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Revealed: UK oil refinery owner moved Russian loans to offshore subsidiary where sanctions did not apply

MPs call for investigation into Essar Energy, owner of Stanlow refinery, which shifted loans from ‘Putin’s piggy bank’ VTB to Mauritius

Days after the first wave of Russian tanks surged over the border into Ukraine in March 2022, dockers at a port in northern England took a stand.

Appalled by Vladimir Putin’s brutality, workers at Ellesmere Port in Cheshire vowed never to unload any Russian oil destined for the nearby Stanlow refinery, a major hub for UK fuel supplies.

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© Photograph: Paul Ellis/AFP/Getty Images

© Photograph: Paul Ellis/AFP/Getty Images

© Photograph: Paul Ellis/AFP/Getty Images

  • ✇The Guardian World news
  • Roman Abramovich takes Jersey to European human rights court over criminal investigation Rob Davies
    Lawyers for oligarch claim freezing of £5.3bn of assets ‘unfair and abusive’ amid row over use of funds for Ukraine Roman Abramovich has gone to the European court of human rights (ECHR), claiming that a criminal investigation into his financial affairs by the Jersey authorities has breached his human rights, according to reports.The former owner of Chelsea FC, who is under UK sanctions over his links to Vladimir Putin, is being investigated in Jersey over allegations of corruption and money lau
     

Roman Abramovich takes Jersey to European human rights court over criminal investigation

22 April 2026 at 16:52

Lawyers for oligarch claim freezing of £5.3bn of assets ‘unfair and abusive’ amid row over use of funds for Ukraine

Roman Abramovich has gone to the European court of human rights (ECHR), claiming that a criminal investigation into his financial affairs by the Jersey authorities has breached his human rights, according to reports.

The former owner of Chelsea FC, who is under UK sanctions over his links to Vladimir Putin, is being investigated in Jersey over allegations of corruption and money laundering.

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© Photograph: Paul Marriott/Alamy

© Photograph: Paul Marriott/Alamy

© Photograph: Paul Marriott/Alamy

  • ✇The Guardian World news
  • UK firms to face tougher checks on export licences to bolster sanctions on Russia Rob Davies
    News follows Guardian report on licence given to British firm exporting machinery to Armenian firm linked to Russian war effortBritish firms will face “much tougher” controls to prevent their goods from reaching Russia via other countries, undermining sanctions and aiding Vladimir Putin’s assault on Ukraine.Under plans to be unveiled on Wednesday, the government will be able to require UK manufacturers to obtain a licence if they want to export to a country suspected of acting as a staging post
     

UK firms to face tougher checks on export licences to bolster sanctions on Russia

22 April 2026 at 09:00

News follows Guardian report on licence given to British firm exporting machinery to Armenian firm linked to Russian war effort

British firms will face “much tougher” controls to prevent their goods from reaching Russia via other countries, undermining sanctions and aiding Vladimir Putin’s assault on Ukraine.

Under plans to be unveiled on Wednesday, the government will be able to require UK manufacturers to obtain a licence if they want to export to a country suspected of acting as a staging post for exports ultimately destined for Russia.

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© Photograph: Global Images Ukraine/Getty Images

© Photograph: Global Images Ukraine/Getty Images

© Photograph: Global Images Ukraine/Getty Images

  • ✇The Guardian World news
  • Bank bosses called to meeting with Reeves over impact of Iran war on UK economy Rob Davies
    HSBC, Barclays, Lloyds, NatWest and Santander will this week discuss with chancellor how to limit effects of conflict Middle East crisis – live updatesThe bosses of Britain’s “big five” retail banks have been summoned to a meeting with the chancellor, Rachel Reeves, this week to discuss how to limit the economic impact of the crisis in the Middle East triggered by the US and Israel’s attacks on Iran.The chief executives of HSBC, Barclays, Lloyds, NatWest and Santander have been asked to attend a
     

Bank bosses called to meeting with Reeves over impact of Iran war on UK economy

19 April 2026 at 12:06

HSBC, Barclays, Lloyds, NatWest and Santander will this week discuss with chancellor how to limit effects of conflict

The bosses of Britain’s “big five” retail banks have been summoned to a meeting with the chancellor, Rachel Reeves, this week to discuss how to limit the economic impact of the crisis in the Middle East triggered by the US and Israel’s attacks on Iran.

The chief executives of HSBC, Barclays, Lloyds, NatWest and Santander have been asked to attend an emergency summit on Wednesday, amid increasing acceptance that a major economic hit from the Iran war is unavoidable.

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© Photograph: Leon Neal/Getty Images

© Photograph: Leon Neal/Getty Images

© Photograph: Leon Neal/Getty Images

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