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Russia-Ukraine War

How much has Putin’s war damaged Russia's economy?

by Stephen Beard
May 2, 2022
As sanctions take their toll and Russia's leader writes off Western markets, analysts count the costs for the nation's people and businesses.
As Russia's war on Ukraine continues, ordinary Russians face economic burdens.
Natalia Kolesnikova/AFP via Getty Images
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The trade deficit was partly to blame for the hit to GDP. But there's a silver lining.

by Mitchell Hartman
Apr 28, 2022
Global turmoil put a cap on U.S. exports, while the easing of supply chain snags allowed Americans to import more.
More imports and fewer exports caused a slight dip in GDP, but that's giving the supply chain a chance to recover.
Mario Tama/Getty Images
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A Warmer World

What does the current energy crisis mean for the clean energy transition?

by Kai Ryssdal and Richard Cunningham
Apr 28, 2022
The war in Ukraine is forcing the U.S. to reconsider its dependence on oil.
"We have seen this scenario time and time again, where oil is proving to be an unstable factor in our economy," said Mark Brownstein at the Environmental Defense Fund. "And now we have the opportunity to move to a different future."
David McNew/Getty Images
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War in Ukraine could affect food and energy prices through 2024, World Bank says

by David Brancaccio , Alex Schroeder and Rose Conlon
Apr 28, 2022
Wheat prices could increase more than 40% and energy more than 50% this year, according to the bank's president, David Malpass.
Commodity prices are rising, and "it’s hitting people in the poorest countries hardest," World Bank President David Malpass says. Stagflation is also a risk.
Louai Beshara/AFP via Getty Images
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Russia cuts off gas exports to Poland and Bulgaria

by Lily Jamali
Apr 27, 2022
The economic showdown between Russia and the EU enters a new phase
Russia's energy giant Gazprom exports gas to Poland and Bulgaria. As of today, the two countries are completely cut off.
Nikolay Doychinov/AFP via Getty Images
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A Warmer World

Coal, the dirtiest of the fossil fuels, is in high demand

by Lily Jamali
Apr 26, 2022
While coal is having a resurgence as a fuel source, the spike in its use may not last.
People line up for ice cream in Cheswick, Pennsylvania, near a coal-burning power station. Existing coal plants in the U.S. are being used more, though that’s likely only temporary.
Jeff Swenson/Getty Images
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How the war in Ukraine is affecting debt troubles for developing countries

by Sabri Ben-Achour and Jarrett Dang
Apr 25, 2022
Developing nations see worsening debt challenges due to the war in Ukraine.
Above, a fruit vendor waits for customers in Colombo, Sri Lanka. Higher import prices for foods are putting pressure on the currencies of developing countries, including Sri Lanka.
Ishara S. Kodikara/AFP via Getty Images
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What military aid is the U.S. sending Ukraine?

by Sabri Ben-Achour and Erika Soderstrom
Apr 22, 2022
The latest military aid packages alter course and include major U.S. weapons for the first time.
Above, Ukrainian soldiers stand on an armored personnel carrier on April 18. While early U.S. aid packages included munitions and supplies, they now include major weapon systems.
Anatolii Stepanov/AFP via Getty Images
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Global economic growth will be almost cut in half this year — or will it?

by Nancy Marshall-Genzer
Apr 19, 2022
The IMF forecasts a slowdown in growth from 6.1% in 2021 to 3.6% in 2022. But the pandemic and the war could change its outlook.
The uncertainties of the pandemic and the Russia-Ukraine war make it especially difficult to predict future economic conditions. Above, inside the New York Stock Exchange.
Spencer Platt/Getty Images
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One Ukrainian's story of fleeing her country

by Sabri Ben-Achour and Rose Conlon
Apr 19, 2022
"I was woken up by a phone call, and I was told that the war started."
The wreckage of a tank is seen next to destroyed residential houses in the village of Zalissya, northeast of Kyiv on April 19, 2022.
GENYA SAVILOV/AFP via Getty Images
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