NatWest’s planned closure of the UK bank accounts of Russia state-funded TV network RT has caused a storm of debate in Moscow. Russia has been quick to accuse the UK government of being behind it, but the most likely driver may be banking compliance matters.
Although the UK will implement the EU’s Fourth Money Laundering Directive, which was negotiated before the Brexit vote, a challenge lies ahead in dealing with the European Commission’s proposed amendments to the text of the Directive, some of which the UK does not support.
The debate about the EU military headquarters is not as vacuous as some of its British critics claim, although it has undoubtedly been given a new lease of life by the Brexit vote. Still, the UK would be well-advised to drop its vociferous opposition to the scheme, even if it continues to entertain doubts about its viability.