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Russia’s economy relies on imported tech, like aircraft parts and semiconductors. That leaves it vulnerable as sanctions multiply.
Biden’s ban on Russian oil may raise already high fuel prices. Though recessions followed past runups, this time may be different.
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.
Gas prices have already been on the rise since the Russian invasion of Ukraine. The move is likely to increase prices at the pump even more.
Despite billions’ worth of assets in London owned by Russian oligarchs, only a handful have been formally sanctioned by the U.K.
Ukraine’s finance minister calls for more “severe” Western sanctions against Russia, warning time is of the essence.
Oil and gas are key to the Russian economy, yet penalties are focused elsewhere. Could that stance change?
Long lines at ATMs. A significant drop in the ruble’s value. Economic sanctions are already being felt by everyday Russians.
Germany dropped its opposition to some tough new sanctions against Russia and is now stepping up spending on defense.
To avert war in Europe, we may have to absorb “political, economic and diplomatic costs,” said Eddie Fishman of the Atlantic Council.