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Sanctions

Is European resolve against Russia’s war beginning to soften?

by Stephen Beard
May 31, 2022
The EU has just unveiled a punitive ban on oil imports from Russia — but the Ukrainian government is unimpressed.
The Ukrainian flag at the European Parliament building in Brussels. The European Union's ban on the majority of oil imports from Russia is too weak to satisfy Ukraine and some EU member nations.
François Walschaerts/AFP via Getty Images
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Floating liabilities: Western authorities grapple with the cost of seizing oligarchs’ superyachts

by Stephen Beard
May 19, 2022
Detaining luxury vessels worth hundreds of millions of dollars was the easy bit. Maintenance runs about 10% of the yachts' value.
Above, a superyacht with suspected links to a Russian oligarch is docked in the Dominican Republic. For governments, seizing the pricey vessels comes with outrageous maintenance costs.
Ethan Swope/Getty Images
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Global economic growth will be almost cut in half this year — or will it?

by Nancy Marshall-Genzer
Apr 19, 2022
The IMF forecasts a slowdown in growth from 6.1% in 2021 to 3.6% in 2022. But the pandemic and the war could change its outlook.
The uncertainties of the pandemic and the Russia-Ukraine war make it especially difficult to predict future economic conditions. Above, inside the New York Stock Exchange.
Spencer Platt/Getty Images
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Russian sanctions result in a shortage of prized vacuum-tube guitar amps

by Paige Pfleger
Apr 13, 2022
Few factories make the tubes, valued for the sound quality they bring to amplifiers. A run on the market is driving up prices.
Todd Sharp holds a vacuum tube — what he says is key to high-quality sound from an amp.
Paige Pfleger/WPLN News
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For Europe, quitting Russian coal will be easier than quitting Russian natural gas

by Lily Jamali
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
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The ruble recovers, at least on paper

by Sabri Ben-Achour
Apr 5, 2022
At one point, a ruble was worth a fraction of a penny. Demand for energy exports has helped, but Russia's economy is still in recession.
The ruble has bounced back from its sanctions-induced fall, but even with a stable currency, the Russian economy faces recession.
AFP via Getty Images
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What another round of economic sanctions could entail

by Mitchell Hartman
Apr 5, 2022
The Biden administration is considering secondary sanctions on Russia – and its supporters.
A man removes trash near the remains of a destroyed Russian armored personnel carrier in Borodianka, northwest of Kyiv, on Monday.
Sergei Supinsky/AFP via Getty Images
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How China could cushion the effects of sanctions on Russia

by Lily Jamali
Mar 18, 2022
China has experience serving as a sort of middleman for sanctioned nations like North Korea and Iran, one expert says.
Several Russian banks have been excluded from SWIFT, the international financial messaging system. But Russia and China have their own versions of SWIFT. Above, Russian President Vladimir Putin, left, and Chinese President Xi Jinping.
Alexei Druzhinin/Sputnik/AFP Getty Images
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How will sanctions affect ordinary Russians? Iranians can provide some insight.

by Lily Jamali
Mar 17, 2022
Until the recent moves against Russia, Iran faced more sanctions than any country.
When it comes to the effects of international sanctions, everyday Iranians are experts.
Atta Kenare/AFP via Getty Images
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China walks a trade tightrope between Russia and the West

by Jennifer Pak
Mar 17, 2022
The Chinese government is opposed to sanctions against Russia and says it will continue to trade with it. But that is not easy in practice.
Though China relies on Russian oil, voluntary sanctions by Western companies could make it harder for China to get it. Above, a worker stands on pipes at an offshore oil in China's eastern Shandong province.
STR/AFP via Getty Images
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