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Russia-Ukraine War

How Russia's invasion of Ukraine is delaying shipments of a key chipmaking tool

by Stephanie Hughes
Mar 8, 2022
About 90% of chips are created with lasers that require neon gas. Russia and Ukraine are major exporters of the element.
Lasers using neon gas etch circuit patterns on silicon wafers to make computer chips, like the ones above. Russia and Ukraine are major exporters of neon.
Josep Lago/AFP via Getty Images
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Has the pandemic made the U.S. less vulnerable to oil price spikes?

by Matt Levin
Mar 8, 2022
Biden's ban on Russian oil may raise already high fuel prices. Though recessions followed past runups, this time may be different.
High oil prices may not affect the U.S. like they used to. We produce a lot of the commodity ourselves, and many households are flush with savings.
David Ryder/Getty Images
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How to make sure your Ukraine donations make it to the people who need it

by Samantha Fields
Mar 8, 2022
Donating requires some due diligence, especially when it comes to social media.
As the number of refugees from Ukraine increases, so does aid, and so do aid scams. Above, charity workers and volunteers in New Jersey pack boxes with humanitarian donations to be shipped to Ukraine.
Angela Weiss/AFP Getty Images
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For global brands, pulling out of Russia isn't a yes-or-no question

by Kristin Schwab
Mar 8, 2022
Logistics, business models and a fear of Russians' reactions are all factors.
The Kremlin's towers are reflected in the window of a McDonald's restaurant in Moscow. The chain said Tuesday that it would temporarily close its Russian locations.
Alexander Nemenov/AFP via Getty Images
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Could China scoop up Russian goods at bargain-basement prices because of sanctions?

by Jennifer Pak
Mar 8, 2022
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.
Workers sort packages at a JD.com warehouse in Beijing in November. Items have been flying off the virtual shelves of a Russian store on the Chinese e-commerce site.
Jade Gao/AFP via Getty Images
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Biden announces ban on Russian oil imports

by Associated Press
Mar 8, 2022
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.
In retaliation for their invasion of Ukraine, for President Joe Biden announced a ban on U.S. imports of Russian oil and gas on Tuesday — one of the current lifelines for the Russian economy.
Jim Watson/AFP via Getty Images
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What's the historic connection between high oil prices and recession?

by Samantha Fields
Mar 8, 2022
Oil goes into almost everything.
The sun sets behind smoke rising from a refining plant in Houston.
Mark Felix/AFP via Getty Images
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As Visa and Mastercard pull out, options appear slim for Russian banks, cardholders

by Meghan McCarty Carino
Mar 8, 2022
Russian banks may have to turn to Chinese processor UnionPay.
Justin Sullivan/Getty Images
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Ukrainians in the U.S. struggle to send money home as war rages

by Lily Jamali
Mar 7, 2022
In a typical year, they send more than $500 million to family and friends. Now, it's not easy.
The Russian invasion has complicated the process of sending remittances to Ukraine through money transfer companies like Western Union.
Gary Gershoff/WireImage via Getty Images
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How rising oil prices make gasoline more expensive

by Justin Ho
Mar 7, 2022
Gas prices are based on oil prices, and traders are getting nervous about a potential ban on imported Russian oil.
Gasoline prices have surged along with the price of crude oil. The war in Ukraine has raised the possibility of a ban on imports from Russia, which could squeeze the global supply.
Mandel Ngan/AFP via Getty Images
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