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Russia-Ukraine War

How do sanctions against Russian oligarchs actually work?

by Matt Levin
Feb 25, 2022
A relatively small team in the Treasury Department works with banks to ensure sanctions are followed.
"These are people who personally gained from the Kremlin’s policies, and they should share in the pain," President Joe Biden said of sanctions aimed at Russian oligarchs.
Drew Angerer/Getty Images
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Quiet dread coats daily life in NYC's Little Ukraine

by Kristin Schwab
Feb 25, 2022
"I mean, we’re a small community here, but most everybody can identify with Ukraine to some extent," said the owner of Veselka, a popular restaurant.
At Little Ukraine's popular restaurant Veselka, people have been seeking comfort and community.
Angela Weiss/AFP via Getty Images
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Why countries stockpile foreign cash

by Savannah Peters
Feb 25, 2022
For one, foreign reserves help mitigate the effects of international sanctions.
Russia is about to put a "hefty" stockpile of foreign reserves to the test.
Pornchai Kittiwongsakul/AFP via Getty Images
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What does Ukraine suspending port operations mean for trade?

by Justin Ho
Feb 25, 2022
The Black Sea region is a major hub for both Ukraine and Russia.
A man sits fishing on the quay in Ukrainian Black Sea city of Odessa on Feb. 21. The Black Sea is a major trade area for both Russia and Ukraine.
Oleksandr Gimanov/AFP via Getty Images
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Russia’s economic isolation has a long history

by Kai Ryssdal and Maria Hollenhorst
Feb 24, 2022
Once again, a professor of Russian history says, ordinary Russians will be "the ones who shoulder the daily burden."
“Russia, of course, has a very long history of being excluded from the world economy,” said Kristy Ironside, an assistant professor of Russian history at McGill University. Above, Soviet citizens pass by homeless and hunger strikers in Moscow in 1990.
VITALY ARMAND/AFP via Getty Images
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Why it's tough to wean the West off Russian oil and gas

by Andy Uhler
Feb 24, 2022
For 15 years the EU has been talking about decreasing its dependence on Russia's gas and oil, but it didn't do it intime.
Russia is the main supplier of natural gas and oil to the European Union. Above, oil tank cars on rail tracks near the Siberian town of Tobolsk.
Andrei Borodulin/AFP Getty Images
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How will Biden's additional sanctions affect the Russian economy?

by Kai Ryssdal and Richard Cunningham
Feb 24, 2022
"So long as Putin continues to be president of Russia, Russia will not be able to benefit from the global economy," said the Atlantic Council's Eddie Fishman.
President Joe Biden announced additional sanctions against Russia on Thursday following its invasion of Ukraine. This follows a tranche of sanctions earlier this week.
Drew Angerer/Getty IMages
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Higher prices, more risk: How Russia's war on Ukraine is likely to affect the global economy

by Mitchell Hartman
Feb 24, 2022
The invasion has introduced a lot of unknowns for global trade, financial markets and national economies. It's also a blow to the pandemic recovery.
People carrying bags walk on a street in Ubla, Slovakia, after crossing the Slovak-Ukrainian border on Feb. 24. Russia began a large-scale attack on Ukraine overnight, with explosions reported in several cities and outside the regions held by Russian-backed rebels.
Zuzana Gogova/Getty Images
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Cybersecurity to take center stage as conflict continues in Ukraine

by Sabri Ben-Achour and Rose Conlon
Feb 24, 2022
Ukraine had encountered cyberattacks to its infrastructure in the weeks leading up to the invasion.
Kirill Kudryavtsev/AFP via Getty Images
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What does hitting pause on the Nord Stream 2 pipeline mean for Europe's energy supply?

by Justin Ho
Feb 23, 2022
Europe is trying to pivot away from coal and crude oil, and has limited capacity for liquified natural gas.
Workers building a section of the wall of the Nord Stream 2.
Carsten Koall/Getty Images
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