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Russia’s economy relies on imported tech, like aircraft parts and semiconductors. That leaves it vulnerable as sanctions multiply.
The government says it is mulling the possibility of lifting the fracking suspension to ease the energy crisis caused by the invasion of Ukraine.
Their fates and fortunes are tied closely to Vladimir Putin’s.
Red Cross founder Clara Barton gave cash to war refugees in the 1870s. Now, aid organizations say it empowers refugees more than in-kind aid.
In a typical year, they send more than $500 million to family and friends. Now, it’s not easy.
Unpacking Europe’s reliance on Russian energy — and the risks that now carries.
“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.
The ruble is a free-floating currency whose value tracks supply and demand. But sanctions have demolished demand and wrecked the market.
Germany dropped its opposition to some tough new sanctions against Russia and is now stepping up spending on defense.
Being cut off from the SWIFT system means Russian banks can’t legally or efficiently execute transactions.