Japan to expedite wind farm projects in wake of Ukraine crisis
Japan will accelerate its efforts to develop offshore wind power projects, its industry minister said on Friday. Officials in the resource-poor Japan are concerned Russia’s invasion of Ukraine and the ensuing surge in oil prices could hit economic growth, although they say there has been no immediate major disruption to energy supply. Industry minister Koichi…
Britain blocks several luxury exports to Russia
Russian oligarchs will no longer have access to baubles such as the cars, artworks and designer handbags sold by British companies, after the government blocked exports worth hundreds of millions of pounds. Last year, UK firms in total sold £2.6bn worth of goods to Russia, the biggest slice of which was cars, at around £400m,…