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Economic sanctions

Could China scoop up Russian goods at bargain-basement prices because of sanctions?

by Jennifer Pak
Mar 8, 2022
If fewer countries want Russian goods, supply goes up and China could, in theory, get cheaper prices. It is a whole other thing in practice.
Workers sort packages at a JD.com warehouse in Beijing in November. Items have been flying off the virtual shelves of a Russian store on the Chinese e-commerce site.
Jade Gao/AFP via Getty Images
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Biden announces ban on Russian oil imports

by Associated Press
Mar 8, 2022
Gas prices have already been on the rise since the Russian invasion of Ukraine. The move is likely to increase prices at the pump even more.
In retaliation for their invasion of Ukraine, for President Joe Biden announced a ban on U.S. imports of Russian oil and gas on Tuesday — one of the current lifelines for the Russian economy.
Jim Watson/AFP via Getty Images
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UK accused of dragging its feet over sanctions on Russian oligarchs and of failing to clean up the “London laundromat”

by Stephen Beard
Mar 4, 2022
Despite billions' worth of assets in London owned by Russian oligarchs, only a handful have been formally sanctioned by the U.K.
Roman Abramovich, owner of the Chelsea soccer club and one of London's most well-known Russian oligarchs, has not yet been sanctioned by the United Kingdom.
Paul Gilham/Getty Images
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Ukraine finance minister: sanctions came too late

by Victoria Craig
Mar 4, 2022
Ukraine's finance minister calls for more "severe" Western sanctions against Russia, warning time is of the essence.
Ukraine’s Finance Minister Sergii Marchenko during an interview in Kiev, Ukraine, on Feb. 3, 2021.
Bogdan Datsiyuk/Anadolu Agency via Getty Images
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Amid wave of sanctions, Russia's energy sector is getting off pretty light so far

by Kai Ryssdal and Sean McHenry
Feb 28, 2022
Oil and gas are key to the Russian economy, yet penalties are focused elsewhere. Could that stance change?
The construction site of a Russian platform that will hold liquified natural gas.
Mario Tama/Getty Images
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How sanctions could make life harder for Russian citizens

by Kristin Schwab
Feb 28, 2022
Long lines at ATMs. A significant drop in the ruble's value. Economic sanctions are already being felt by everyday Russians.
The ruble has lost about 25% of its value since Friday. Above, people walk past a currency exchange office in Moscow.
Alexander Nemenov/AFP via Getty Images
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Germany turns tough toward Russia over Ukraine invasion

by Stephen Beard
Feb 28, 2022
Germany dropped its opposition to some tough new sanctions against Russia and is now stepping up spending on defense.
German Chancellor Olaf Scholz, seen above, announced a sharp increase in military spending on Sunday.
Clemens Bilan/Getty Images
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To deter Russia, the U.S. may have to take a hard stance on economic sanctions

by Kai Ryssdal and Sean McHenry
Jan 21, 2022
To avert war in Europe, we may have to absorb “political, economic and diplomatic costs," said Eddie Fishman of the Atlantic Council.
U.S. Secretary of State Antony Blinken speaks during the U.S.-Russia summit in Geneva on Friday.
Jean-Christophe Bott/Pool/AFP via Getty Images
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Companies keep assessing SolarWinds hack as U.S. sanctions Russia

by Scott Tong
Apr 15, 2021
Cybersecurity experts call the hack a supply chain attack. At stake is the digital plumbing of modern life.
From left, FireEye CEO Kevin Mandia, SolarWinds CEO Sudhakar Ramakrishna and Microsoft President Brad Smith testify on the 2020 cyberattack during a Senate Intelligence Committee hearing on Feb. 23, 2021.
Drew Angerer/POOL/AFP via Getty Images
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Iran's painful economic reality

by Kai Ryssdal and Bennett Purser
Jan 6, 2020
A George Washington University professor emeritus explains the consequences of 40 years of sanctions.
Young girls in Tehran walk in front of a mural showing the Iranian flag in April.
Atta Kenare/AFP via Getty Images
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