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Russia-Ukraine War

How will sanctions affect ordinary Russians? Iranians can provide some insight.

by Lily Jamali
Mar 17, 2022
Until the recent moves against Russia, Iran faced more sanctions than any country.
Atta Kenare/AFP via Getty Images
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2.6 million cars cut from global production forecast this year

by Samantha Fields
Mar 17, 2022
The war in Ukraine is already slowing production in ways automakers — and consumers — will feel in 2022 and beyond.
With multiple disruptions to the supply chain, the auto industry is set to take a production hit.
Jade Gao/ Getty Images
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China walks a trade tightrope between Russia and the West

by Jennifer Pak
Mar 17, 2022
The Chinese government is opposed to sanctions against Russia and says it will continue to trade with it. But that is not easy in practice.
Though China relies on Russian oil, voluntary sanctions by Western companies could make it harder for China to get it. Above, a worker stands on pipes at an offshore oil in China's eastern Shandong province.
STR/AFP via Getty Images
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President of Lithuania wants more Russian sanctions amid fears Baltics could be Putin's next target

by Victoria Craig and Stephen Ryan
Mar 17, 2022
Lithuania's president, Gitanas Nauseda, talks about the risk his country could be Russia's next target, and why he wants to see more sanctions applied.
Gitanas Nauseda, president of Lithuania, told the BBC's Victoria Craig it's “very likely” his country could be a target.
Justin Tallis/WPA Pool/Getty Images
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How the war in Ukraine could impact U.S. food prices

by Kai Ryssdal and Maria Hollenhorst
Mar 16, 2022
A grain wholesaler explains why a war in Europe is driving up grain prices around the world.
With so much uncertainty, the “risk premium” on U.S. food is going up, according to Eric Wilkey, president of Arizona Grain Inc.
David Rogers/Getty Images
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If China aids Russia, what options would the U.S. have?

by Savannah Maher
Mar 16, 2022
The U.S. could expand tariffs on Chinese goods — but that may raise prices for American consumers.
Russian President Vladimir Putin and Chinese President Xi Jinping met in Beijing on Feb. 4. U.S. National Security Adviser Jake Sullivan has promised consequences if China were to assist Russia in its war against Ukraine.
Alexei Druzhinin/Sputnik/AFP via Getty Images
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What would happen if Russia defaults on its debt?

by Sabri Ben-Achour
Mar 15, 2022
"The long-term implications are severe," one expert says, and can scare away foreign investors.
Russia's economic isolationism may largely insulate global markets should Russia default on its debts.
AFP via Getty Images
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Russia threatened to shut off its gas taps to Europe. Can it do that?

by David Brancaccio and Rose Conlon
Mar 15, 2022
If Russia stops sending natural gas to Europe, it'll have to send it somewhere else.
If Russia stops sending natural gas to Europe, it'll have to send it somewhere else.
Odd Andersen/AFP via Getty Images
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Russia wakes up to big technological weaknesses

by Justin Ho
Mar 15, 2022
Russia's economy relies on imported tech, like aircraft parts and semiconductors. That leaves it vulnerable as sanctions multiply.
The Biden administration has big goals when it comes to implementing the CHIPS Act. But the plan isn't without its hurdles.
Josep Lago/AFP via Getty Images
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Pressure mounts on Biden to use Defense Production Act, but it's not a "magic wand"

by Lily Jamali
Mar 14, 2022
Those bipartisan calls from Congress follow the president's ban on Russian oil and other energy imports.
Though pressure is building for President Joe Biden to invoke the Defense Production Act to boost domestic oil production, some say the situation is not a national emergency — a requirement for tapping the act.
Nicholas Kamm/AFP via Getty Images
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