Arconic runs a huge Russian metal plant, bought in an era of cooperation between the U.S. and Russia. Now it is struggling, after years of increasing Russian military aggression.
Tag: Embargoes and Sanctions
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Hooked on Cheap Oil, Hungary Resists an Embargo on Russia
Prime Minister Viktor Orban has promised voters to keep energy prices low. The dividends from taking Russian fuel also help fund the policies that have made Hungary a beacon for right-wing groups.
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U.S. Eyeing Russian Energy Sanctions Over Ukraine War, Officials Say
The revenue powers Vladimir V. Putin’s war machine in Ukraine. But plans for new U.S. sanctions could create problems with China, India and other major buyers.
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Russia’s Economic Outlook Grows ‘Especially Gloomy’ as Prices Soar
The government has brought stability for now through extreme measures, but forecasters are expecting continued severe inflation and a deep downturn.