Germany under fire from neighbors for its dependence on Russian energy

Aug 3, 2022
Fear that Russia may terminate all natural gas flows to Europe's largest economy is causing friction among EU countries.
Some countries in Eastern Europe objected to Germany building ties with Russia around natural gas imports via the Nord Stream pipeline. Now, Germany is scrambling to prepare for additional supply cuts.
Odd Anderson/AFP via Getty Images

The EU wants Europeans to cut natural gas use 15% in case Russia limits supply

Jul 20, 2022
Several EU nations, including Germany, depend on Russian gas. The Nord Stream pipeline reopens Thursday, but supply is uncertain.
The Nord Stream 1 pipeline brings Russian natural gas to Western Europe. The European Union is asking member nations to conserve gas to prevent a potential energy crisis.
Edouard Merlo/AFP via Getty Images

As Russia defaults on its foreign debt, sanctions blitz batters economy

Jun 27, 2022
Russia is feeling the impact of Western economic curbs, leading to product shortages and manufacturing slowdowns.
Russian President Vladimir Putin, left, takes a meeting. Experts don't see Russia's default as a serious blow to its economy, but sanctions are also causing product shortages and manufacturing slowdowns.
Mikhail Metzel/Sputnik/AFP via Getty Images

How to rank the world’s economic superpowers, according to Ray Dalio

Jun 3, 2022
Also, why Dalio says we’re entering a period of stagflation.
Bridgewater Associates founder Ray Dalio said the U.S.’s relative power on the world stage is deteriorating while China’s is growing.
Eoin Noonan /Web Summit via Getty Images

Why OPEC might decide to take a break from its alliance with Russia

Jun 1, 2022
Russia is the world's third-largest oil producer — such a decision won't be made lightly.
The relationship between Russia and the Organization of the Petroleum Exporting Countries has always been contentious.
Joe Klamar/AFP via Getty Images

How industrial standards help explain Russia's economic motives for invading Ukraine

May 17, 2022
International standards can be tools of globalization. They can also keep other countries locked within an economic orbit.
A Ukrainian soldier guards a road near the Russian border in April 2014, just weeks after Russia invaded and annexed Crimea. After the invasion, Ukraine rejected Russia’s industrial standards and opted for Europe’s instead.
Robert Leslie/AFP via Getty Images

How much has Putin’s war damaged Russia's economy?

May 2, 2022
As sanctions take their toll and Russia's leader writes off Western markets, analysts count the costs for the nation's people and businesses.
As Russia's war on Ukraine continues, ordinary Russians face economic burdens.
Natalia Kolesnikova/AFP via Getty Images

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Russia cuts off gas exports to Poland and Bulgaria

Apr 27, 2022
The economic showdown between Russia and the EU enters a new phase
Russia's energy giant Gazprom exports gas to Poland and Bulgaria. As of today, the two countries are completely cut off.
Nikolay Doychinov/AFP via Getty Images

With Russia's "selective default," some investors see opportunity

Apr 11, 2022
Investing in Russian debt while it's cheap can pay dividends but comes with uncertainty and reputation risk.
Russian Finance Minister Anton Siluanov, left, with President Vladimir Putin. Siluanov said Russia would sue if the West forces the country to default on its foreign debt.
Olga Maltseva/AFP via Getty Images

Add beer to the list of products that Russia's invasion of Ukraine is making more expensive

Apr 5, 2022
Ukraine and Russia are two of the world's top barley exporters.
A bartender pours a beer in Austin, Texas. Supply chain issues, a poor crop year and the war in Ukraine have all contributed to higher barley prices.
Sergio Flores/AFP via Getty Images