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Russia

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The economic war on Russia has been a grand experiment for sanctions

by Stephanie Baker
Sep 3, 2024
The Kremlin has been cut off from much of the global economy by sanctions. But have they had the desired effect?
A fuel tank farm on Transneft, a Russian oil pipeline.
Natalia Kolesnikova/AFP via Getty Images
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Sanctions are a flawed foreign policy tool. Is there one that's not?

by Amy Scott and Sofia Terenzio
Jul 29, 2024
The U.S. increasingly uses economic curbs against bad actors, reports The Washington Post's Jeff Stein. But some consequences are unintended.
President Biden met with leaders of industrialized economies at the G7 Summit in June. Among the topics was responding to Russia's assault on Ukraine.
Antonio Masiello/Getty Images
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How the war in Ukraine created a new kingdom of king crab

by Kai Ryssdal and Maria Hollenhorst
Jun 18, 2024
Demand for alternatives to Russian exports, including seafood, has given this Norwegian fishing village a big economic boost.
King crabs caught in the waters off Bugøynes, Norway, in 2002. More recently, sanctions on Russian seafood products have boosted demand for the village's catch.
Jan-Morten Bjornbakk/AFP via Getty Images
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Despite EU crypto sanctions, Russians are still using digital currencies

by Levi Bridges
Sep 25, 2023
Crypto sanctions have caused headaches for many anti-war Russians who fled abroad, but crypto use within Russia is still common.
The goal of the the European Union's crypto restrictions is to stop sanctioned Russians from finding loopholes to move money out of Russia.
Matt Cardy/Getty Images
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To stay atop the oil market, OPEC became OPEC+. But keeping the cartel in sync isn't easy.

by Lily Jamali
Jun 28, 2023
The Saudis invited the Russians to the table and rolled out the red carpet. But the Russians haven't always done what the Saudis want.
OPEC and OPEC+ members break their oil production promises all the time, said Victor McFarland at the University of Missouri.
Joe Klamar/AFP via Getty Images
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A Year of War

How effective have sanctions on Russia been?

by David Brancaccio and Erika Soderstrom
Feb 23, 2023
A forthcoming paper on Russia's economic sanctions finds they could go further by targeting oligarchs' wealth managers.
A new research paper on the topic suggests that sanctioning not oligarchs but their wealth managers would actually be even more effective.
Sergei Supinsky/AFP via Getty Images
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Navigating 2023's global risks, from Russia to AI

by David Brancaccio and Jarrett Dang
Jan 5, 2023
Eurasia Group Founder Ian Bremmer talks through the consultancy's annual report of risks the world will face in the coming year.
Russia's increasingly rogue behavior tops the Eurasia Group's list of 2023's global risks. Artificial intelligence, China, and inflation are also make appearances.
SERGEI BOBYLYOV/SPUTNIK/AFP
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Germany warned about the danger of becoming economically dependent on China

by Stephen Beard
Dec 1, 2022
After its over-reliance on the Kremlin for its energy, is Germany making the same mistake with Beijing?
Chinese President Xi Jinping (R) welcomes German Chancellor Olaf Scholz at the Great Hall of the People in Beijing on November 4, 2022.
Photo by Kay Nietfeld/POOL/AFP via Getty Images
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Germany under fire from neighbors for its dependence on Russian energy

by Stephen Beard
Aug 3, 2022
Fear that Russia may terminate all natural gas flows to Europe's largest economy is causing friction among EU countries.
Some countries in Eastern Europe objected to Germany building ties with Russia around natural gas imports via the Nord Stream pipeline. Now, Germany is scrambling to prepare for additional supply cuts.
Odd Anderson/AFP via Getty Images
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The EU wants Europeans to cut natural gas use 15% in case Russia limits supply

by Lily Jamali
Jul 20, 2022
Several EU nations, including Germany, depend on Russian gas. The Nord Stream pipeline reopens Thursday, but supply is uncertain.
The Nord Stream 1 pipeline brings Russian natural gas to Western Europe. The European Union is asking member nations to conserve gas to prevent a potential energy crisis.
Edouard Merlo/AFP via Getty Images
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