Britain moved to curb the supply of military and other vital equipment for the Russian war effort in Ukraine by expanding sanctions on Tuesday to include 22 individuals and companies based outside Russia.
The new measures will affect businesses in Turkey, Dubai and Iran and target Slovakian and Swiss nationals that Britain says have supplied weaponry or components, including electronics, needed to sustain Russia’s invasion of Ukraine.
“Today’s landmark sanctions will further diminish Russia’s arsenal and close the net on
Energy suppliers could be required to keep their enquiry lines open longer and to offer more temporary payment holidays to help vulnerable customers.
Ofgem is proposing a host of new requirements for energy suppliers to ensure all customers get a better service going into the winter months.
Under the plans, all domestic customers will be able to contact their supplier and get support if they are struggling to pay their bills.
Suppliers would be told to prioritise customers in vulnerable
Stellantis put its vast network of suppliers on notice that the automaker is looking for better deals on components in an effort to protect its margins.
CEO Carlos Tavares, who has already shaved costs at factories, said suppliers must take similar steps as an influx of less expensive Chinese cars ratchets up the pressure to make electric vehicles more affordable.
Component makers should review “what we have done in our own plants to progress on their side,” Tavares said on
