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Mar 3, 2022

Divesting from Russia is easier said than done

Divesting from Russia is going to cost billions and take time … and probably won’t change Putin’s mind. Plus: Fed chief Powell confirms an interest rate hike.

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Traffic jam is pictured with the Moscow's International Business Centre (Moskva City) skyline in the background in Moscow on October 20, 2021. - Russia said Wednesday 1,028 people died of Covid over the past 24 hours, a new record, as President Vladimir Putin mulls introducing nationwide restrictions to curb the spread of the disease.
Kirill Kudryavtsev/AFP via Getty Images

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Segments From This Episode

You knew it was coming ... and it's almost here
One thing that’s pretty certain? An interest rate increase of .25%. Something a little more hazy? The economic impact of Russia’s invasion of Ukraine.
International companies exiting Russia face logistical challenges
by Amy Scott
Brandon Bell/Getty Images
ExxonMobil has a 30% stake in the Russian oil and gas project Sakhalin-1. Divesting may be time-consuming and expensive.
How does isolating Russia affect global aviation?
by Kai Ryssdal and Richard Cunningham
Jason Redmond/AFP via Getty Images
“We have gone backward probably about 30 years in a blink of an eye,” says Jon Ostrower, editor of aviation industry website The Air Current.
Move to “right-sizing” changes commercial real estate landscape in San Francisco
by Matt Levin
DianeBentleyRaymond/Getty Images
The hybrid office could reshape the city’s economy.
There’s an oil market crisis even without sanctions on Russian exports
by Samantha Fields
Frederic J. Brown/AFP via Getty Images
Brent crude rose above $113 a barrel Wednesday — the highest level in eight years.
Rising wheat prices stoke fears for countries importing from Russia and Ukraine
by Savannah Peters
Mohammed Huwais/ AFP Getty Images
More than a quarter of the world’s wheat exports come from Ukraine and Russia. Disruptions will affect the Middle East and North Africa most.
Russia is trying to prop up the ruble … but it’s not working
by Sabri Ben-Achour
Olga Maltseva/AFP via Getty Images
The ruble is a free-floating currency whose value tracks supply and demand. But sanctions have demolished demand and wrecked the market.