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Russia-Ukraine War

A Year of War

Has Europe’s highest court made it harder to sanction the assets of Russian oligarchs?

by Stephen Beard
Mar 10, 2023
Anti-money-laundering campaigners say that a recent decision by the European Court of Justice is a blow against financial transparency.
The European Court of Justice, seen above in Luxembourg, recently ruled against a series of registers of true ownership, which are designed to prevent wealthy individuals from hiding their assets.
John Thys/AFP via Getty Images
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Russian oil prices are climbing — here's why

by Lily Jamali
Mar 9, 2023
Small independent processors in China are being joined by larger Chinese refiners, driving prices higher.
Since the start of war in Ukraine, Russia has shifted some crude exports to markets in Asia, like India, Turkey and China. Above, an oil refinery near Moscow.
Natalia Kolesnikova/AFP via Getty Images
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Yellen: "Progress on inflation is not going to be a straight line"

by Kai Ryssdal , Andie Corban and Sarah Leeson
Mar 2, 2023
The Treasury secretary says "people don't need to lose their jobs" to cool down the labor market.
"There's a great sense of community but an enormous amount of trauma that everyone in Ukraine is experiencing," Treasury Secretary Janet Yellen says. Above, Yellen at a school in Kyiv earlier this week.
Genya Savilov/AFP via Getty Images
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A Year of War

Ukrainian artists look abroad for help as they defend their culture against Russian invasion

by Stephen Beard
Feb 24, 2023
Actors, dancers, singers and theater producers in Ukraine say they are determined to protect their national identity from Russian aggression.
Musicians perform during a candlelight concert in Kyiv on Dec. 1. Despite the Russian onslaught, Ukrainian artists are doing what they can to keep their culture alive.
Dimitar Dilkoff/AFP via Getty Images
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A Year of War

A year into the Ukraine war, global food insecurity is at a record high

by Samantha Fields
Feb 23, 2023
In many countries, including Egypt, staples like bread have become much more expensive and harder to come by.
Roger Anis/Getty Images
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A Year of War

How effective have sanctions on Russia been?

by David Brancaccio and Erika Soderstrom
Feb 23, 2023
A forthcoming paper on Russia's economic sanctions finds they could go further by targeting oligarchs' wealth managers.
A new research paper on the topic suggests that sanctioning not oligarchs but their wealth managers would actually be even more effective.
Sergei Supinsky/AFP via Getty Images
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A Year of War

Ukrainian refugees struggle to adapt to a new economic reality

by Stephen Beard
Feb 14, 2023
Russia’s invasion has displaced millions of people. Some are rebuilding their lives and businesses in other countries.
Ukrainian refugees stand in line to attend a job fair in Brooklyn on Feb. 1.
Angela Weiss/AFP via Getty Images
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Europe could dodge a predicted recession, thanks largely to energy policy

by Mitchell Hartman
Feb 13, 2023
Households and businesses cut consumption by 20%. A mild winter also helped. Conservation efforts and a warm winter helped.
The European economy still faces risks from Russia’s war in Ukraine, but somewhat less than a year ago when the war began, says Cornell economist Eswar Prasad.
Aris Oikonomou/AFP-Getty Images
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A battered world economy faces a "polycrisis"

by Savannah Maher
Jan 11, 2023
The World Economic Forum's new report identifies a long list of interconnected economic threats that could feed off of and worsen each other. But there is a caveat.
Above, a Ukrainian flag seen near Kyiv in April 2022. The war in Ukraine has helped to fuel global inflation.
Sergei Supinksy/AFP via Getty Images
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Sanctions designed to keep the price of Russian oil low seem to be working

by Sabri Ben-Achour
Jan 10, 2023
Whether they $60 a barrel price cap will continue to work in the long run is an open question though.
Russian oil is trading at prices well below those of oil from other countries after the implementation of oil price caps. Above, a refinery on the outskirts of Moscow.
Natalia Kolesnikova/AFP via Getty Images
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