The US has frozen tens of billions of dollars worth of assets belonging to Russians and their government. A legal scholar explains why confiscating them is a bit trickier.
McDonald’s said it is losing $50 million a month by keeping its Russian locations closed.
AP Photo
Two scholars of corporate do-goodery suggest a hidden driver of corporate decisions to leave Russia is the global trend in which record numbers of workers are quitting their jobs.
People bought the last remaining groceries at a Finnish PRISMA store that was closing down in in St. Petersburg in March.
AP Photo
Despite the ruble’s recovery, sanctions have actually dealt a punishing blow to the Russian economy. But changing Putin’s mind is another matter.
People march in Saskatoon, Sask., with the flag of Ukraine during a rally mourning the deaths of civilians killed during the Russian invasion of Ukraine.
THE CANADIAN PRESS/Heywood Yu
Canada has played the role of a global peace advocate before. Rarely has the world needed it more than right now.
Members of Congress give Ukrainian President Volodymyr Zelensky a standing ovation during a speech by videoconference on Capitol Hill in Washington, D.C., on March 16, 2022. Ukraine says it is pioneering a new source of financial support: cryptocurrency.
(Sarahbeth Maney/The New York Times via AP)
Cryptocurrency allows Ukraine to get quick financial support, and Russia, to bypass international sanctions and protect some of its economic interests.
A closed Moscow branch of McDonald’s.
EPA-EFE/YURI KOCHETKOV
Many of Russia’s creative class are speaking out against the war in Ukraine and experiencing financial repercussions. As a result, many are leaving the country
A Nigerian delegation inspects a Russian military helicopter near Moscow in July 2021.
Photo by DIMITAR DILKOFF/AFP via Getty Images
The sanctions are likely to last beyond the current conflict. This may end up bringing about a solution to Africa’s desire to produce its own military hardware for its own use.
Everyday Russians, like these people in Moscow, may shoulder much of the burden of the world’s economic sanctions aimed at Vladimir Putin and his oligarchs.
AFP via Getty Images
The Kremlin is pushing for a quick migration of all Russian websites and services to be hosted within the country. It could be the first stage of a larger disconnection effort.
A feature of the international community’s response to Russia’s aggression against Ukraine has been the adoption of sanctions. So what are sanctions? And are they likely to have any meaningful impact?