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Russia

Who are the Russian oligarchs being sanctioned, and how did they get so rich?

by Sabri Ben-Achour
Mar 10, 2022
Their fates and fortunes are tied closely to Vladimir Putin's.
After Vladimir Putin became president, he helped fund the wealth of Russian oligarchs with state money. In return, oligarchs provided him money and loyalty.
Mikhail Klimentyev/Sputnik/AFP via Getty Images
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Among the aid Ukrainian refugees can expect: cold, hard cash

by Stephanie Hughes
Mar 10, 2022
Red Cross founder Clara Barton gave cash to war refugees in the 1870s. Now, aid organizations say it empowers refugees more than in-kind aid.
Residents of Kharkiv, Ukraine, take shelter in a metro station. As aid pours in, many experts believe money would provide the greatest benefit to victims of the war.
Emre Caylak/AFP Getty Images
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Ukrainians in the U.S. struggle to send money home as war rages

by Lily Jamali
Mar 7, 2022
In a typical year, they send more than $500 million to family and friends. Now, it's not easy.
The Russian invasion has complicated the process of sending remittances to Ukraine through money transfer companies like Western Union.
Gary Gershoff/WireImage via Getty Images
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What would Europe do if Russia cuts off natural gas?

by David Brancaccio , Erika Soderstrom , Rose Conlon and Jarrett Dang
Mar 4, 2022
Unpacking Europe's reliance on Russian energy — and the risks that now carries.
A natural gas line runs through the country side on March 11, 2015 outside Donetsk, Ukraine.
Andrew Burton/Getty Images
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How does isolating Russia affect global aviation?

by Kai Ryssdal and Richard Cunningham
Mar 2, 2022
"We have gone backward probably about 30 years in a blink of an eye," says Jon Ostrower, editor of aviation industry website The Air Current.
"Global aviation relies on two fundamental pillars that cannot be ignored: peace and stability," says Jon Ostrower of The Air Current.
Jason Redmond/AFP via Getty Images
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Russia is trying to prop up the ruble ... but it's not working

by Sabri Ben-Achour
Mar 2, 2022
The ruble is a free-floating currency whose value tracks supply and demand. But sanctions have demolished demand and wrecked the market.
A currency exchange office in St. Petersburg, Russia. People are trying to unload their rubles as the value of the currency plummets.
Olga Maltseva/AFP via Getty Images
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Germany turns tough toward Russia over Ukraine invasion

by Stephen Beard
Feb 28, 2022
Germany dropped its opposition to some tough new sanctions against Russia and is now stepping up spending on defense.
German Chancellor Olaf Scholz, seen above, announced a sharp increase in military spending on Sunday.
Clemens Bilan/Getty Images
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How Russia could feel the sting of being excluded from SWIFT

by David Brancaccio and Rose Conlon
Feb 28, 2022
Being cut off from the SWIFT system means Russian banks can't legally or efficiently execute transactions.
A protester holds a placard during a rally against Russia's invasion of Ukraine, at Place de la Republique in Paris, on Febr. 26, 2022.
GEOFFROY VAN DER HASSELT/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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