Feb 25, 2022

How sanctions against Russian oligarchs work

Plus, a look at Putin's vast currency reserves and the quiet dread gripping New York City's Little Ukraine.

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The Weekly Wrap

Kai Ryssdal speaks with the New York Times’ Ana Swanson and the Washington Post’s Heather Long about supply shocks, how Russia’s invasion of Ukraine might impact the global economy, the inflation-managing challenges facing the Federal Reserve.

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How do sanctions against Russian oligarchs actually work?

by Matt Levin

Feb 25, 2022

A relatively small team in the Treasury Department works with banks to ensure sanctions are followed.

"These are people who personally gained from the Kremlin’s policies, and they should share in the pain," President Joe Biden said of sanctions aimed at Russian oligarchs.

Drew Angerer/Getty Images

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Quiet dread coats daily life in NYC's Little Ukraine

by Kristin Schwab

Feb 25, 2022

"I mean, we’re a small community here, but most everybody can identify with Ukraine to some extent," said the owner of Veselka, a popular restaurant.

At Little Ukraine's popular restaurant Veselka, people have been seeking comfort and community.

Angela Weiss/AFP via Getty Images

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What has the U.S.-China trade war achieved?

by Jennifer Pak

Feb 25, 2022

The U.S. and China have been engaged in a trade war for nearly four years. What's the scorecard?

Johannes Eisele/AFP via Getty Images

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Why countries stockpile foreign cash

by Savannah Maher

Feb 25, 2022

For one, foreign reserves help mitigate the effects of international sanctions.

Russia is about to put a "hefty" stockpile of foreign reserves to the test.

Pornchai Kittiwongsakul/AFP via Getty Images

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The team

Nancy Farghalli Executive Producer

Daisy Palacios Senior Producer

Maria Hollenhorst Producer

Sean McHenry Associate Producer

Andie Corban Associate Producer

Richard Cunningham Associate Producer

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