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Russia-Ukraine War

The war in Ukraine could make stealing catalytic converters more lucrative for thieves

by Sabri Ben-Achour
Mar 22, 2022
They're valuable in part because the palladium inside is expensive. And Russia provides much of the world's palladium.
"You can get anywhere from $60 to $100 in recycling a catalytic converter, but you end up costing the victim thousands of dollars in repairs," says Avo Bagramyan of Automotive in Los Angeles.
Getty Images
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White House warns companies of growing cyberattack risk

by Matt Levin
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
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Central Asia suffers collateral economic damage from Russia's war in Ukraine

by Stephen Beard
Mar 22, 2022
These neighbors of Russia played no part in Putin’s invasion, but they are caught in the economic crossfire triggered by sanctions.
Kazakhstan's president, Kassym-Jomart Tokayev, left, meets with Russian President Vladimir Putin in February. The value of Kazakhstan's currency has fallen since Russia's invasion of Ukraine.
Mikhail Klimentyev/Sputnik/AFP via Getty Images
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In a time of war, "sustainability of the government is No. 1," says former Ukraine finance minister

by Kai Ryssdal and Sean McHenry
Mar 21, 2022
Ukraine’s economy is being strangled, says Natalie Jaresko, citing the need for international support as well as Russian reparations.
Ukraine will need hundreds of billions of dollars for reconstruction, said Natalie Jaresko, shown speaking in Washington, D.C. "The first source of that should be reparations from Russia."
Kenny Holston/Getty Images
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Global pharma industry weighs Russian operations

by Lily Jamali
Mar 21, 2022
Drugmakers have pulled some nonlifesaving products, hesitating to punish ordinary Russians by withdrawing vital treatments.
Frederick Florin/AFP via Getty Images
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The nickel market has gone bonkers

by Matt Levin
Mar 21, 2022
Russia invading Ukraine is a big reason that prices skyrocketed.. But it's not the whole story.
A worker at a nickel mining company in northwestern Russia. The price of nickel — used in making stainless steel, electric vehicle batteries and more — shot up this month after the Russian invasion of Ukraine.
Kirill Kudryavtsev/AFP via Getty Images
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The EU has sworn off Russian steel. That could be bad news for the environment.

by Andy Uhler
Mar 21, 2022
Russia makes steel the dirty, old-fashioned way. Europe hoped its trade relationship could spur a cleanup.
With the European Union's ban on Russian steel, countries might struggle to satisfy demand. But recycling could help.
Sean Gallup/Getty Images
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Why Russia's invasion of Ukraine is likely to raise costs for restaurants and food manufacturers

by Justin Ho
Mar 21, 2022
Russia has nickel. Nickel is a component of some stainless steel. And restaurants, food manufacturers, and breweries need stainless steel.
Nickel's volatile price can affect the food industry, as nickel is a component of stainless steel – an essential facet of the industry.
mofles / Getty Images
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Russian artists and donors prompt a reckoning at arts institutions

by Kristin Schwab
Mar 18, 2022
Those who don't distance themselves from Putin and his war are being ostracized.
Anna Netrebko, the Russian opera singer, withdrew from upcoming Metropolitan Opera performances over ties to Russia, raising questions about how Russian artists fit into the conflict.
Hans Punz/AFP Getty Images
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How uncertainty about Russia's invasion of Ukraine is making financial markets more volatile

by Justin Ho
Mar 18, 2022
People usually don’t like not knowing.
Traders work on the floor of the New York Stock Exchange (NYSE) on March 16, 2022 in New York City.
Spencer Platt/Getty Images
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