Hashtag: #Russia
“Working Closely With The Overseas Territories”
As the world continues to levy sanctions against Russia, UK Foreign Secretary Liz Truss said she is ”working closely with the Overseas Territories to make sure that Putin’s oligarchs have nowhere to hide.” Speaking during yesterday’s session in UK Parliament, Plaid Cymru MP Liz Saville-Roberts said, “I welcome BP’s decision to divest... Read more of this article
BCAA Statement On Aircraft Registry & Sanctions
The Bermuda Civil Aviation Authority [BCAA] — which operates the airline registry which does include some commercial Russian air operators — said they “will ensure that the Authority and the relevant entities which it regulates, are in full compliance with any applicable sanctions.” A spokesperson said, “The Bermuda Civil... Read more of this article
‘Invasion Will Impact Global Insurance Industry’
“Russia’s invasion of Ukraine likely will impact the global insurance industry substantially in the near to midterm, particularly given the significant fallout in the capital markets and potential for widespread cyber attacks,” AM Best said.. In its Best’s Commentary, “Significant Implications of Ukraine Invasion on Global Insurance... Read more of this article
Island’s Ukrainian Community Gather In Solidarity
Members of the Ukrainian community of Bermuda gathered today [Feb 24] to show support and solidarity for each other and their homeland, with people gathering on the steps of City Hall with the Ukraine flag. Russia’s invasion of Ukraine has been widely condemned by the international community, and western nations have levied various sanctions against... Read more of this article
CARICOM Condemn Russia’s Invasion Of Ukraine
CARICOM has joined with the international community in condemning the invasion of Ukraine by Russia. A statement from the said, “The Caribbean Community [CARICOM] strongly condemns the military attacks and invasion of Ukraine by The Russian Federation and calls for the immediate and complete withdrawal of the military presence and cessation of any... Read more of this article
Kremlin Files Shed New Light On Sub Disaster
The air of bleak Cold War irony which attended the incident now seems like something out of a John Le Carre novel. But the events which unfolded in the Atlantic ocean just north of Bermuda over those three days more than 30 years ago were only too real. On October 4, 1986 Ronald Reagan was at Camp David, the presidential retreat in rural Maryland. He... Read more of this article
Stratus Expands Operations In Russia
Stratus Technologies, Inc., the indirect subsidiary of Stratus Technologies Bermuda Holdings Ltd., announced today [July 19] the expansion of its operations in Russia and the Commonwealth of Independent States. Entering into a trademark license agreement with its existing Moscow-based master reseller STR LLC, Stratus has accredited STR to supply and... Read more of this article
Bermuda-Registered Jet Crashes In Russia
[Updated] At least 31 people died in a plane crash in Siberia early on today [Apr.2], Russian officials said, when a Bermuda-registered jet with 43 people aboard went down shortly after takeoff from Tyumen, a regional hub about 1,000 miles from Moscow. The plane, a French-built ATR-72 with 43 people on board, had been scheduled to fly to the Siberian... Read more of this article
BIFF Takes Audiences Inside Putin’s Russia
Two compelling documentaries being screened at the 15th Bermuda International Film Festival will provide audiences with rare looks inside the autocratic Russian state created by recently re-elected president Vladimir Putin, a former KGB operative with a flair for both mailed-fist tactics and crowd-pleasing political theatre. German director Cyril Tuschis’... Read more of this article
Bermuda Team Uncovers Fuel Risk
Bermuda inspectors have uncovered risks in the aircraft refuelling process at Moscow’s Sheremetyevo airport, concluding a “potential disaster” could be in the making unless urgent remedial steps are taken. With most of Russia’s airline fleet registered on the island, a team of experts representing the Bermuda Department of Civil... Read more of this article
Spike In LSE Entities Based Here
Bermuda is home to the fourth largest number of non-UK entities listed on the London Stock Exchange [LSE] than any other jurisdiction globally, according to figures from the market authority. LSE data shows that at the end of December 2011 there were 45 Bermuda-incorporated entities listed on either the Main Market, the Alternative Investment Market,... Read more of this article
Bermuda’s Alliance In Russian Venture
Bermuda-based Alliance Oil Co. Ltd., with operations in Russia and Kazakhstan, today [Dec. 20] said it has agreed to form a joint venture with Spanish oil and gas giant Repsol YPF SA for exploration and production growth in Russia. Alliance and Repsol will own 51 percent and 49 percent stake in the JV respectively. The joint venture will have a total... Read more of this article
VimpelCom Plans To Broaden Investor Base
VimpelCom Ltd. — the Bermuda-domiciled Russian mobile phone operator with more than 200 million customers worldwide — is planning a share listing outside the US to broaden its investor base, the Bloomberg financial news service reports today [Nov. 18]. VimpelCom was formed last year after shareholders Telenor ASA TEL and Alfa Group combined... Read more of this article
Moscow Move For CD&P’s Claire McConway
Conyers Dill & Pearman today [Mar. 2] said it would be further augmenting its Moscow office with the addition of senior corporate and finance lawyer Claire McConway as the Bermuda firm continues to expand its international footprint. Presently an associate in CD&P’s Bermuda head office which she joined as an associate in 2009, Ms McConway’s practice... Read more of this article
History: Bermuda’s 1986 “Maritime Chernobyl”
On October 3, 1986 while on patrol 680 miles northeast of Bermuda, the 10,000 ton, 425-foot long Soviet Yankee Class Ballistic Missile Submarine K-219 suffered an explosion and fire in one of her 16 missile tubes caused by a seal failure which allowed seawater to leak in and mix with residue from the missile’s liquid fuel. Three members of... Read more of this article
Premier Brown’s Statements: India and Russia
Below follows the full Ministerial Statements from Premier Dr. Ewart Brown on the Indian movie to be filmed in Bermuda, and his recent trip to Russia to deal with matters relating to Bermuda’s Aircraft Registry from the debate on the House of Assembly today [May 14]: Statement on the Indian movie to be partly-filmed in Bermuda: Mr. Speaker, honourable... Read more of this article
