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Russia-Ukraine War

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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Could reopening idled oil refineries ease gasoline prices?

by Lily Jamali
May 30, 2022
The idea is drawing attention, but analysts disagree on whether White House pressure on the industry would work.
The Biden administration is reportedly asking oil companies to bring shuttered refineries back online.
Brandon Bell/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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U.S. coal isn't counting on Europe for a comeback

by Lily Jamali
May 17, 2022
The coal industry's decline over the last decade has made scaling up tough, even as prices surge.
Andrew Caballero-Reynolds/AFP via Getty Images
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How industrial standards help explain Russia's economic motives for invading Ukraine

by Justin Ho
May 17, 2022
International standards can be tools of globalization. They can also keep other countries locked within an economic orbit.
A Ukrainian soldier guards a road near the Russian border in April 2014, just weeks after Russia invaded and annexed Crimea. After the invasion, Ukraine rejected Russia’s industrial standards and opted for Europe’s instead.
Robert Leslie/AFP via Getty Images
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How much has Putin’s war damaged Russia's economy?

by Stephen Beard
May 2, 2022
As sanctions take their toll and Russia's leader writes off Western markets, analysts count the costs for the nation's people and businesses.
As Russia's war on Ukraine continues, ordinary Russians face economic burdens.
Natalia Kolesnikova/AFP via Getty Images
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The trade deficit was partly to blame for the hit to GDP. But there's a silver lining.

by Mitchell Hartman
Apr 28, 2022
Global turmoil put a cap on U.S. exports, while the easing of supply chain snags allowed Americans to import more.
More imports and fewer exports caused a slight dip in GDP, but that's giving the supply chain a chance to recover.
Mario Tama/Getty Images
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A Warmer World

What does the current energy crisis mean for the clean energy transition?

by Kai Ryssdal and Richard Cunningham
Apr 28, 2022
The war in Ukraine is forcing the U.S. to reconsider its dependence on oil.
"We have seen this scenario time and time again, where oil is proving to be an unstable factor in our economy," said Mark Brownstein at the Environmental Defense Fund. "And now we have the opportunity to move to a different future."
David McNew/Getty Images
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War in Ukraine could affect food and energy prices through 2024, World Bank says

by David Brancaccio , Alex Schroeder and Rose Conlon
Apr 28, 2022
Wheat prices could increase more than 40% and energy more than 50% this year, according to the bank's president, David Malpass.
Commodity prices are rising, and "it’s hitting people in the poorest countries hardest," World Bank President David Malpass says. Stagflation is also a risk.
Louai Beshara/AFP via Getty Images
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Russia cuts off gas exports to Poland and Bulgaria

by Lily Jamali
Apr 27, 2022
The economic showdown between Russia and the EU enters a new phase
Russia's energy giant Gazprom exports gas to Poland and Bulgaria. As of today, the two countries are completely cut off.
Nikolay Doychinov/AFP via Getty Images
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