Segments From this episode
Marketplace's Nancy Marshall-Genzer reports.
There are several reasons. For one, the state is highly dependent on foreign crude oil.
Markets are now expecting some sort of stability in Ukraine. Just look at the falling price of crude oil.
What was $130 a barrel early last week is $96 now, down another 6.5% or so. We hear more from David Kelly, chief global strategist at JP Morgan Funds. Also, a look at what the Federal Reserve will do about raising interest rates — tomorrow and throughout the rest of the year.
Russia's economy relies on imported tech, like aircraft parts and semiconductors. That leaves it vulnerable as sanctions multiply.