Sanctions and strong ruble challenge Russia's crypto mining industry

Aug 9, 2022
A cold climate and cheap energy have made Russia a destination for bitcoin mining. But new factors confront its cryptocurrency efforts.
The strength of the Russian ruble has made it costly to mine cryptocurrency there. Above, a bitcoin mining center in Kirishi, Russia.
Olga Maltseva/AFP via Getty Images

For Europe, quitting Russian coal will be easier than quitting Russian natural gas

Apr 5, 2022
Russia supplies more of the EU's oil and gas than it does coal.
A storage site for a coal-fired power plant in Duisburg, Germany, on April 5. The European Union recently banned imports of Russian coal.
Ina Fassbender/AFP via Getty Images

Global pharma industry weighs Russian operations

Mar 21, 2022
Drugmakers have pulled some nonlifesaving products, hesitating to punish ordinary Russians by withdrawing vital treatments.
Insulin pens being manufactured by Eli Lilly & Co. The pharmaceutical giant said it will refocus its efforts in Russia on cancer and diabetes care.
Frederick Florin/AFP Getty Images