If fewer countries want Russian goods, supply goes up and China could, in theory, get cheaper prices. It is a whole other thing in practice.
In a typical year, they send more than $500 million to family and friends. Now, it’s not easy.
But it’s not necessarily the pandemic that’s driving it. Three businesses on three continents share what they’re seeing.
Closing off an economy as large and complicated as Russia’s has far-reaching implications.
Gas prices are based on oil prices, and traders are getting nervous about a potential ban on imported Russian oil.
As the end of the school year nears, those students who cant or don’t feel safe returning home will have to find housing and a way to pay for it.
The way U.S. oil refineries are set up has a lot to do with it.
Despite billions’ worth of assets in London owned by Russian oligarchs, only a handful have been formally sanctioned by the U.K.
Europe and the U.S. have not ruled out bans on oil and gas purchases. For some countries, ending imports would be harder than for others.
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