A meeting between Russia and India’s foreign ministers has just wrapped up in New Delhi. The BBC’s Rajini Vaidyanathan in Delhi says that top of the agenda was how India, which has remained neutral in the Ukraine conflict, can continue to pay for the oil it gets from Russia without breaking sanctions. Hungarians will go to the polls this Sunday as Prime Minister Viktor Orban seeks a record fifth term in office. We explain how the war in Ukraine and Orban’s relationship with Vladimir Putin have shaped this election. And last night in the Sri Lankan capital Colombo, police say they arrested more than 50 people as protesters stormed the presidential palace.

The Russian president said he has signed a decree that will force foreign buyers of his country’s natural gas to pay in rubles. Starting Friday, Vladimir Putin says pay in rubles – or contracts will be halted. Diane Swonk helps us dig into the latest data that shows a key inflation measure the Fed watches reach a 40-year high. The Securities and Exchange Commission is proposing new rules on the firms known as SPACs, or special-purpose acquisition companies. They raise money and buy out a startups to take them public.

President Biden is ready to order the release of up to a million barrels a day of oil from the United States strategic petroleum reserve in an effort to battle rising gas costs. American workers are failing drug tests at the highest rate in decades, because the worker shortage has caused many companies to ease drug testing. A bill heading to the Senate would provide wider access to 401(k) benefits.

From the BBC World Service: Russia is saying it will require payments for energy exports in its own currency, the ruble, rather than via the current euro-denominated contracts. But the BBC’s Jenny Hill in Moscow says it’s not yet clear how that will work. The United Nations is launching the largest fundraising appeal in its history, hoping to raise nearly $4.5 billion for Afghanistan. And in Pakistan, Prime Minister Imran Khan faces a vote of no-confidence in parliament.

Susan Schmidt of Aviva Investors dives into the latest data from private payroll processing firm ADP with us. A report from the NAACP and the Kapor Center reveals a lack of diversity in several facets of the tech industry. Where can homeless people go after they have to stay at a hospital? Medical respite centers that are starting to emerge all over the country could provide the answer.

This week, the G7 nations rejected a demand from Russian President Vladimir Putin that they pay for Russian natural gas in the country’s own currency, which is the ruble. We look into what Putin’s reasoning could be, and what complications it could bring. The war in Ukraine is raising food prices, and the United Nations is warning that unless something changes, the world could be headed for the worst food crisis since World War II. The California committee on reparations for Black Americans is wading through the debate of who can actually get them.

From the BBC World Service: Germany is activating an emergency plan for a potential natural gas supply disruption from Russia. The BBC has learned Syrian mercenaries are being offered $7,000 per month by Russia to fight in Ukraine. British farmers are worried about surging inflation and warn the rising cost of food will be passed on to consumers.

More than 450 companies, from Exxon to Starbucks to H&M, have partially or fully withdrawn from Russia since the country’s invasion of Ukraine began, but many Western companies have yet to abandon their Russian operations, according to a now-viral corporate watchlist compiled by Yale management professor Jeffrey Sonnenfeld. We talked to Sonnenfeld to help us look further. Christopher Low explains a big move in the bond market. The House Oversight Committee wants to look into how Credit Suisse of Switzerland is handling sanctions against the Russian elite.

Hundreds of Western companies have cut ties with Russia since its invasion of Ukraine, marking a critical moment for business leaders who must decide whether to abandon their Russian operations or remain – and contend with the blowback of that decision. We spoke to Harvard business professor and author Ranjay Gulati about how companies’ refusal to exit the moral gray area could lead to serious repercussions this time. President Biden has proposed a “billionaire minimum income tax” — at least a 20% tax on the very richest households in the country.