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World Business Report: First broadcast 02/03/2022 22:32 GMT : City of Kherson said to be under control of Russian forces

Bulletins

Global energy prices touch fresh highs

First broadcast 02/03/2022 22:32 GMT 

First broadcast 02/03/2022 22:32 GMT : City of Kherson said to be under control of Russian forces

City of Kherson said to be under control of Russian forces

BBC World Service - World Business Report, City of Kherson said to be under control of Russian forces

The mayor of the port of Kherson says Russian forces are now in control

The mayor of the strategically important Ukrainian port of Kherson says Russian forces are now in control - making it the first major city to be taken by the Russians.  In a message posted on Facebook, Igor Kolykhaev wrote that Russian troops had forced their way into the city council building. He urged Russian soldiers not to shoot at civilians, saying there were no Ukrainian forces in the city. In the east, the mayor of the besieged city of Kharkiv has said Russian shelling is inflicting heavy casualties on the civilian population, but he said the city would not fall to Vladimir Putin's invasion force.

Also in the programme, as more and more firms announce that they will curb their engagement with Russia, following Western sanctions on the country, emerging market economist Liam Peach of Capital Economics tells us what the overall impact of the sanctions are likely to be on Russia. 

With Vladimir Putin's government imposing ever stricter measures on media outlets, we find out how the war in Ukraine is reported in Russia.

And, we talk to Jason Hungerford, partner at London-based law firm Mayer Brown International, about the potential liability of crypto exchanges in the context of sanctions.

Plus, Russian oligarch Roman Abramovich has announced he will sell Chelsea Football Club, which he has owned for almost two decades. We discuss the implications of this with Trevor Watkins, the Head of Global Sports at the law firm Pinsent Masons and  a former Chairman of the English club AFC Bournemouth.

PHOTO: Reuters

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First broadcast 02/03/2022 22:32 GMT : City of Kherson said to be under control of Russian forces

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