Tag Archives: Brexit

Royal Bank of Scotland Shuts Down RT News’ Bank Account

Popular news outlet Russia Today, funded by the Russian Federation, was sent a letter from the Royal Bank of Scotland to close their account

Apparently, the Royal Bank of Scotland does not like Russia Today.

Their subsidiary, NatWest bank, through which popular Russian funded news website Russia Today does their banking, sent Margarita Simonyan, RT’s editor-in-chief, a letter today saying they were no longer interested in doing business with RT. Simonyan broke the news earlier today through her twitter account, and RT gave a more thorough explanation soon afterwards. Simonyan also shared excerpts from related letters through her facebook account showing solidarity from Steven Hedley, Senior Assistant Secretary General of the Trade Union of Transport Workers (RMT) regarding the brash decision of the bank.

Director of Studies at the Institute of Democracy and Cooperation in Paris, John Laughland told RT reporters that the British government owns 75% of the Royal Bank of Scotland and feels there is obvious political inspiration behind the move.

“My suspicion is that it’s part of a coordinated and Europe-wide policy of harassment against organizations that are associated with Russia. We must understand this policy of harassment and hostility within the context of the decision taken about six months ago at a European Union summit, at which it was decided on the EU-level to combat ‘Russian propaganda and disinformation’ as it’s being called. The EU has even established a special unit specifically designed to combat so-called Russian disinformation and, particularly RT, which more than any other news outlet has irritated people in the West because it has a very muscular editorial policy..”

Boris Johnson, the United Kingdom’s new Foreign Secretary, was heard speaking to a Tory Party conference with words along the lines that, although Britain was leaving the EU, it “wouldn’t abandon being in the forefront of sanctions against Russia.”

A copy of the NatWest letter found on RT’s site is below:

NatWest RT letter

The World’s 1% Just Lost $127 billion to Brexit

Brexit is more than just a statement of financial independence, it’s a message to the richest people of the world.

Opponents of the British exit from the European Union, such as billionaire George Soros, warned that it would result in catastrophe for Britain’s people. Turns out, it really was a catastrophe for him.

Yesterday, 15 of Great Britain’s wealthiest citizens just had around $5.5 billion dollars vanish from their bank accounts as the definitive departure from the European Union occurred after a lengthy and deeply troubled discussion about financial sovereignty. The richest man in the UK, Gerald Grosvenor, was hit the worst with a loss of over a billion dollars in assets, reports Bloomberg’s Billionaires Index.

Others who were hit almost equally as hard were real estate magnate Charles Cadogan, Philip Green (owner of Topshop, a women’s clothing company), and money man Bruno Schroder of Schroders Plc. But the destruction didn’t end there.

According to Bloomberg’s Billionaire Index, the world’s 400 richest people lost about $127.4 billion yesterday. Zero Hedge reports,

“Global equity markets reeled from the news that British voters elected to leave the European Union. The billionaires lost 3.2 percent of their total net worth, bringing the combined sum to $3.9 trillion, according to the Bloomberg Billionaires Index. The biggest decline belonged to Europe’s richest person, Amancio Ortega, who lost more than $6 billion, while nine others dropped more than $1 billion, including Bill Gates, Jeff Bezos and Gerald Cavendish Grosvenor, the wealthiest person in the U.K.”

It’s obvious that the voters of the United Kingdom were well aware of the outcome from leaving the European Union and aren’t that unhappy about it — aside from the billionaires.