Major Western companies have not cut ties with Russia despite Ukraine invasion
The MRA said: “Out means out. A promise is just a promise until it is honoured. Often companies say they will get out, but the devil is in the detail. Moral-washing must be called out.”THE boss of BAE Systems has called on the Government to match defence spending with the “elevated threat environment” since the war in Ukraine.
The firm, which makes Eurofighter Typhoon jets, combat vehicles, and nuclear submarines, said it had a record £37billion of new orders last year as governments around the world ramped up their spending after Russia’s invasion.The boss of BAE Systems has called on the Government to match defence spending with the 'elevated threat environment'Credit: AFP
Charles Woodburn, BAE chief executive, told The Sun he would “await with interest the Spring Statement” on whether the UK’shas said Britain’s own weapons stockpiles have fallen to historic lows. Mr Woodburn said BAE had been increasing munition production to support Ukrainians and “backfill”, but said production of shells took around 18 months.will result in £1.2billion profit for the Government, making it a fair deal for taxpayers.
The secretive nature of the takeover had been heavily criticised, particularly as it has emerged the Government provided a £4.5billion facility for energy-purchasing and a loan to Octopus.Rivals Centrica, Scottish Power and E.ON have said they were not aware of these terms when considering their own approaches for Bulb.Octopus will argue that as energy prices have fallen, the hedging support from the Government has only come to £1.76billion and Octopus will pay back £2.95billion.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ukraine would not use Western fighter jets to strike targets in Russia, foreign minister insistsDmytro Kuleba tries to reassure those worried that giving his country fast jets will result in a wider conflict beyond Ukrainian borders.
Read more »
Ukraine war: Crowds chant 'Russia, Russia' as Vladimir Putin issues rallying cry ahead of invasion anniversaryTens of thousands of people fill Moscow's Luzhniki Stadium to hear the Russian president speak as part of the 'Glory to Defenders of the Fatherland' concert, during which he hailed 'heroic' troops fighting in Ukraine.
Read more »
The war is making Ukraine a Western countryThe vicious offensive disabused Russian-speakers in Ukraine of any illusions they might have had about Russia’s brotherly benevolence. Almost overnight Ukraine’s geographical divisions, which had anyway become less important since 2014, disappeared
Read more »
Ukraine war - latest: Putin holds massive rally in Moscow; China's top diplomat visits RussiaA senior Beijing official is ending his tour of European capitals in Russia today and has met Vladimir Putin - who, after suspending his country's participation in a key nuclear treaty yesterday, is holding a big rally in Moscow. Watch the rally live in the stream below.
Read more »
Why China Suddenly Wants to Broker a Truce in the Russia-Ukraine WarChina's truce initiative is a bold gambit that raises many questions. Firstly, why now?
Read more »