Commentary I happened to catch part of a segment on Fox News a couple of nights ago where a popular host urged all of us, and the U.S. government in particular, to think very carefully about what we do in response to the Russian invasion of Ukraine. He raised the specter of World War III,…
Alaska Airlines Suspending Russian Airline Partnership, Washington to Block Russian Planes From Airspace
March 2, 2022
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AeroflotAlaska AirlinesBusiness & EconomyCompanieseconomic policieseconomyEuropeMarketsRussia Ukraine invasionRussia-Ukraine Warsupply chain crisisUSUS NewsWorld
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Alaska Airlines has announced that it is pausing ties with a Russian airline, noting that it is “deeply concerned by the humanitarian crisis” unfolding in Ukraine, as part of a concerted move by many companies around the world to isolate Russia for its initiation of war. “We are temporarily suspending our partnership with the Russian…
Ukraine Raises $270 Million Through War Bonds, Budgetary Systems Function Normally
Ukraine issued war bonds on Tuesday for fighting off a Russian invasion, and has raised over 8.1 billion UAH ($270 million), the country’s ministry of finance revealed. “In the time of military aggression of the Russian Federation, the Ministry of Finance offers citizens, businesses and foreign investors to support the budget of Ukraine by investing…
NHL Suspends Business Relations With Russia, Other Sports Federations, Isolating Russian Athletes
The National Hockey League (NHL) has issued a statement condemning Moscow’s invasion of Ukraine while also announcing a complete suspension of all its business relations in Russia. “Effective immediately, we are suspending our relationships with our business partners in Russia and we are pausing our Russian language social and digital media sites. In addition, we…
Top Container Lines Cancel Shipping to Russia, Essentials Allowed With Increase in Scrutiny
March 1, 2022
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Business & EconomyEuropeHapag LloydMaersk LineMarketsNew Sanctions on RussiaRussia Ukraine invasionRussia-Ukraine Warshipping industryWorld
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Two of the biggest container lines in the world, the Mediterranean Shipping Company (MSC) and Maersk, have announced the temporary suspension of shipping activities to and from Russia after the country was subject to international sanctions and other isolating measures. The MSC suspension came into effect on March 1 and will cover all access areas…
Shell Oil Exiting Russia, Withdraws From Multiple Joint Ventures
March 1, 2022
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British PetroleumBusiness & EconomyCompanieseconomyEuropeMarketsRussia Ukraine invasionRussia-Ukraine Warsanctions on RussiaShell OilUKWorld
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Shell announced plans to pull out from Russia after the country launched an invasion into neighboring Ukraine, making the multinational oil and gas giant the latest in a series of companies and organizations to embrace decoupling. Shell will exit its joint ventures with Gazprom, the Russian state-owned energy corporation, and its related entities. This includes…
Germany Building Up Military Following Russian Invasion, Defense Stocks Surge
March 1, 2022
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Business & EconomyEuropeGerman military spendingMarketsNATO military allianceRussia Ukraine invasionRussia-Ukraine WarstocksUSWorld
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Stock prices of defense companies rose after German Chancellor Olaf Scholz announced that his country would raise military spending, and build up its forces and capabilities, as a response to Russia’s invasion of Ukraine. Germany’s 2022 federal budget will set aside a one-off sum of 100 billion euros for the country’s military, Scholz said in…
In Praise of Courage in Ukraine
Commentary “We become brave by doing brave acts,” observed Aristotle in the “Nicomachean Ethics,”—“by being habituated to despise things that are terrible and to stand our ground against them, we become brave, and it is when we have become so that we shall be most able to stand our ground against them.” Thus began Chapter…
Boosting Domestic Oil Production to Counter Russia a ‘Misdiagnosis’: Psaki
February 28, 2022
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Business & Economyeconomic policieseconomyExecutive BranchJen PsakiKeystone PipelineMarketsPolicies & ImpactsPoliticsRussia Ukraine invasionRussian oilSen. Tom CottonUSUS News
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White House press secretary Jen Psaki dismissed Senator Tom Cotton’s (R-Ark.) calls for boosting domestic oil production as a response to Russia’s invasion of Ukraine, calling it a “misdiagnosis” in an interview with ABC News. A video clip featuring Cotton was played during the program, in which the lawmaker argued for cracking down on the…
UK Joins US, EU in Sanctioning Russia’s Central Bank, Aims to ‘Devastate’ Economy, ‘Target’ Putin and Sergey Lavrov
February 28, 2022
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Business & EconomyChancellor of the Exchequer Rishi Sunakeconomic policieseconomyEuropeMarketsRussia Ukraine invasionRussia-Ukraine WarSWIFT banking systemUKUK sanctionsWorld
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The UK government has joined the European Union (EU) and the United States in announcing new sanctions against the Russian Central Bank in a bid to ramp up pressure against Moscow for its invasion of Ukraine. The new sanctions are aimed at preventing the Central Bank of the Russian Federation (CBR) from deploying foreign reserves…
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