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Russia-Ukraine War

Congress strips Russia of "most-favored nation" trade status

by Mitchell Hartman
Apr 8, 2022
That means the U.S. could impose punitive tariffs on Russian imports.
Stefani Reynolds/AFP via Getty Images
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Ukrainians will soon be eligible for temporary protected status. What does that mean?

by Samantha Fields
Apr 6, 2022
It lets people get work permits and protects them from deportation. The status does not offer a path to citizenship.
While Ukrainians will soon be eligible for temporary protected status, it is not a path to citizenship and doesn't include eligibility for programs like federal housing assistance or food stamps.
Mandel Ngan/AFP via Getty Images
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For a Ukrainian gift shop in Chicago, Russia’s war means changes big and small

by Rose Conlon
Apr 6, 2022
Myroslav Serhijchuk, owner of the Delta gift shop in Chicago's Ukrainian Village, says he's "trying to do everything possible" to support Ukraine.
Myroslav Serhijchuk, owner of the Delta gift shop in Chicago's Ukrainian Village, says he's "trying to do everything possible" to support Ukraine.
Scott Olson/Getty Images
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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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Add beer to the list of products that Russia's invasion of Ukraine is making more expensive

by Andy Uhler
Apr 5, 2022
Ukraine and Russia are two of the world's top barley exporters.
A bartender pours a beer in Austin, Texas. Supply chain issues, a poor crop year and the war in Ukraine have all contributed to higher barley prices.
Sergio Flores/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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Could the U.S. have weakened its financial clout by using it to sanction Russia?

by Sabri Ben-Achour
Apr 4, 2022
Probably not, but Russia and China are likely to keep looking for ways to avoid U.S.-controlled financial infrastructure.
The U.S. has a lot of leverage in the global financial system — at least for now.
SSV-Photo/Getty Images
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Microbusinesses and the pandemic

How global economic disruption sifts down to one small flour mill in Pasadena, California

by Kai Ryssdal and Maria Hollenhorst
Mar 31, 2022
Nan Kohler of Grist & Toll says she's thinking outside the box to deal with challenges from the pandemic and rising inflation.
"I stay in business because people are looking for a healthier product, and it is a radically different product than what we have available ... on the grocery store shelves," says Nan Kohler, above at Grist & Toll in Pasadena, California.
Courtesy Kohler
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Europe, moving away from Russian natural gas, looks to the U.S.

by Lily Jamali
Mar 30, 2022
Europe was already grappling with an energy crisis. The war has made that crisis worse.
Above, a compressor station for a natural gas pipeline in Germany. Prior to the war in Ukraine, Russian natural gas made up 55% of Germany’s imports. That’s down to 40% so far this year.
Sean Gallup/Getty Images
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