Wealthy Russians have stepped up their efforts to move their funds from Europe to Dubai to evade Western sanctions placed on them over the war in Ukraine, Reuters has reported, citing financial and legal sources in the Gulf state.

CNBC’s Wilfred Frost reports on what a deal between the United Kingdom and European Union what could do to the British pound.

Ukraine said Russia was seeing the situation “much more adequately” than before A member of the Russian negotiating team, Leonid Slutsky, has said he believes the “significant progress” he has observed in talks between Moscow and Kiev might soon lead the two sides in the conflict to sign an agreement.