European Union leaders are set to agree on Thursday to cut their reliance on Russian fossil fuels, although are divided over whether to cap gas prices and to sanction oil Continue Reading
The International Monetary Fund joined a growing chorus that’s warning of a risk that Russia will default on debt obligations following its invasion of Ukraine. A Russian default is no Continue Reading
Western sanctions are dealing a severe blow to Russia’s economy. The ruble is plunging, foreign businesses are fleeing and sharply higher prices are in the offing. Familiar products may disappear Continue Reading
The Russian invasion of Ukraine threatens millions of tiny spring-time sprouts that should emerge from stalks of dormant winter wheat in the coming weeks. If the farmers can’t feed those Continue Reading
Goldman Sachs Group Inc (GS.N) and JPMorgan Chase & Co (JPM.N) on Thursday announced they were unwinding their Russian businesses, becoming the first major U.S. banks to exit following Russia’s Continue Reading
Russia’s giant fleet of ocean-going oil tankers is starting to come to a standstill. Nine Aframax vessels owned by Sovcomflot PJSC have been idling at sea for more than a Continue Reading
President Joe Biden will announce Friday that, along with the European Union and the Group of Seven countries, the U.S. will move to revoke “most favored nation” trade status for Continue Reading
The U.S.-led effort to expel Russia from international commerce marks another fracture in the free-trade vision that guided American policy for nearly 30 years, signaling a future where nations and Continue Reading
The European Union should consider emergency measures in the coming weeks that could include temporary limits on electricity prices, European Commission President Ursula von der Leyen told leaders at an Continue Reading
Besieged by an onslaught of sanctions that have largely undone 30 years of economic integration with the West in the space of two weeks, President Vladimir V. Putin on Thursday Continue Reading
