Global exports of semiconductors to Russia have plummeted by 90 percent since the United States and allies slapped export controls on Moscow over its invasion of Ukraine, US Commerce Secretary Gina Raimondo said on Wednesday. Raimondo, speaking at an annual Commerce Department conference, also said that controls placed on Russia’s aerospace sector were hammering its … Read more
Russia is struggling to sell oil as buyers flee the stigma, logistical challenges and fears of further sanctions that come with dealing with Moscow in the wake of the Ukraine invasion. Even without direct sanctions on its energy industry Russia will lose around one million barrels per day (bpd) in oil exports, according to analyst … Read more
After a barrage of airstrikes on cities and military bases around the country, Russian forces were closing in on Ukraine‘s capital of Kyiv on Saturday. City officials warned of street fighting and urged residents to stay inside and take cover. Here are the things to know about the Russian invasion of Ukraine and the security … Read more