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

Could the U.S. have weakened its financial clout by using it to sanction Russia?

Apr 4, 2022
Probably not, but Russia and China are likely to keep looking for ways to avoid U.S.-controlled financial infrastructure.
The U.S. has a lot of leverage in the global financial system — at least for now.
SSV-Photo/Getty Images

Germany enacts emergency natural gas plan after Russia demands payment in rubles

Stephen Richter of The Globalist says Germany is "paying dearly" for its dependence on cheap Russian energy.
Forty percent of Germany's natural gas comes from Russia. Above, German Chancellor Olaf Scholz.
Odd Andersen/Getty Images

Europe, moving away from Russian natural gas, looks to the U.S.

Mar 30, 2022
Europe was already grappling with an energy crisis. The war has made that crisis worse.
Above, a compressor station for a natural gas pipeline in Germany. Prior to the war in Ukraine, Russian natural gas made up 55% of Germany’s imports. That’s down to 40% so far this year.
Sean Gallup/Getty Images

For Russians, McDonald's was once a symbol of modernity. Its closing feels like a step backward.

Mar 23, 2022
When the golden arches opened, Russians marveled at how it differed from local restaurants: friendly service and plastic packaging.
When McDonald's opened in Moscow in 1990, Russians looked at it as "a window to a different world," says Konstantin Sonin, a University of Chicago professor who grew up in Russia. Above, the Pushkin Square restaurant.
AFP via Getty Images

White House warns companies of growing cyberattack risk

Mar 22, 2022
While big energy and financial firms are better defended than they used to be, other critical industries are still vulnerable.
President Joe Biden warned companies against potential Russian cyberattacks this week. Experts say the U.S. is unprepared for such cybersecurity threats.
Nicholas Kamm/AFP via Getty Images

For public good, not for profit.

If China aids Russia, what options would the U.S. have?

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

What would happen if Russia defaults on its debt?

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

Russia threatened to shut off its gas taps to Europe. Can it do that?

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