The country’s trade with Russia this year has exceeded $200 billion, and makers of cars and trucks are the big winners.
Tag: Economic Conditions and Trends
Blocked by Polish Truckers, Ukraine Turns to the Black Sea to Boost Trade
The blockade at the border with Poland has crippled Ukraine’s land trade. But a new Black Sea route is providing an economic lifeline.
The Debt Problem Is Enormous. Experts Say the System for Fixing It Is Broken.
Economists offer alternatives to financial safeguards created when the U.S. was the pre-eminent superpower and climate change wasn’t on the agenda.
Russia’s Central Bank Raises Rates to 16 Percent
The bank warned that its tight monetary policy would continue “for a long period” as it attempts to slow an economy in danger of overheating.
Bank of England Keeps Interest Rates at 5.25%, a 15-Year High
The Bank of England and European Central Bank both held their benchmark rates steady. Even though inflation has been slowing, they gave no indication of when rates would start to come down.
Argentina’s New ‘Anarcho-Capitalist’ President Starts Slashing
Javier Milei has railed against Argentina’s government for years. In his first week in charge, he’s begun cutting it down.
Europe and Asia React to U.S. Push for Tech and Clean Energy
Other governments, particularly in Europe, are trying to counter the Biden administration’s industrial policies with their own incentives.
Alistair Darling, Guiding Hand in Britain’s Financial Crisis, Dies at 70
As the government’s chief financial cabinet member, he helped stave off a broader economic collapse amid the global turmoil set off in 2008
Germany to Override Debt Limit to Resolve Budget Crisis
Chancellor Olaf Scholz pledged financial support for economic modernization and Ukraine, but will need backing for new borrowing to fill a spending gap.
Argentina’s Economy Depends on the U.S. Dollar. Can Javier Milei Change That?
Years of economic quagmire created an upside-down economy in Argentina. Javier Milei, a far-right populist, won the presidency this week by promising to blow it all up.