Putin’s pal, the British Lords – and the ‘clean up’ of a Russian energy giant; James Cusick; Open Democracy

Russia – Lake Baikal

With relations between Britain and Russia in severe crisis, the timing of a Russian company’s efforts to raise billions on the London Stock Exchange couldn’t be worse.

The network of embedded Russian business interests with direct connections to the City of London’s markets will make it difficult for the UK government to deliver effective financial sanctions against the Kremlin or associates of President Vladimir Putin.

With Theresa May replaying the role of  ‘iron lady’ and lining up the United Nations, Nato, the European Union and the Trump White House to back the UK’s anticipated punitive response for the nerve agent attack in Salisbury, firms officially listed in London run by oligarchs with close links to Putin are expecting a rough ride.

The decision of the UK government, so far, to expel 23 Russian diplomats, along with some flight checks and the suspension of high-level bilateral contacts, is being seen as an opening move rather than the final package of sanctions.

Source: Putin’s pal, the British Lords – and the ‘clean up’ of a Russian energy giant

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