Sanctions

Oil prices surge above $100 a barrel as war on Ukraine rages

By Damian J. Troise, Alex Veiga, Associated Press

The price of oil surged back above $100 a barrel after Russia, a major energy producer, faced further isolation and economic damage because of its invasion of Ukraine.

Russians line up at banks as currency plummets in face of sanctions

By Vladimir Isachenkov, David McHugh, Ken Sweet, Associated Press

Ordinary Russians are facing the prospect of higher prices as Western sanctions over the invasion of Ukraine sent the ruble plummeting.

Sanctions, protests: How Putin's war is impacting ordinary Russians

By PBS NewsHour

Hundreds of Russians have been arrested for demonstrating against Ukraine’s invasion across the country. Meanwhile, sanctions aimed at crippling Russia’s economy are slowly having an impact: the ruble is fluctuating, people are queuing up outside ATMs and prices are rising.

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In Russia, economic consequences of invasion begin to emerge

By Associated Press

Videos from Russia showed long lines of Russians trying to withdraw cash from ATMs, while the Russian Central Bank issued a statement calling for calm, in an effort to avoid bank runs.

World powers move to block some Russian banks from global SWIFT transaction system

By Zeke Miller, Raf Casert, Associated Press

Saturday’s move includes cutting key Russian banks out of the SWIFT financial system, which daily moves countless billions of dollars around more than 11,000 banks and other financial institutions around the world.

UK's Johnson orders asset freeze for all Russian banks

By Associated Press

Britain will also ban the export of a wide range of high-tech products, including semiconductors, to Russia and bar the nation’s flagship airline, Aeroflot, from landing at U.K. airports.

Putin warns that the West shouldn't 'push' Russia out of the global economy

By Associated Press

Speaking at a Kremlin meeting with businesspeople Thursday, President Vladimir Putin said “Russia remains part of the global economy and isn’t going to hurt the system that it is part of as long as it remains there.”…

World leaders condemn Russian invasion, take steps to make Moscow pay a high price

By Raf Casert, Samuel Petrequin, Associated Press

The West and its allies showed no inclination to send troops into Ukraine — a non-member of NATO — and risk a wider European war. But they began to take steps aimed at isolating Moscow and forcing it to pay…

U.S. imposes sanctions against Bosnian Serb leader over 'corrupt activities'

By Dusan Stojanovic, Eric Tucker, Associated Press

The Biden administration has announced sanctions against Bosnian Serb leader Milorad Dodik, accusing him of “corrupt activities” that threaten to destabilize the region and undermine peace accords.

Putin blames West for 'tensions' in Europe, calls for security guarantees

By Dasha Litvinova, Associated Press

Russian President Vladimir Putin's speech at a meeting with Russia's top military brass came just days after Moscow submitted draft security documents demanding that NATO deny membership to Ukraine and other former Soviet countries.