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eu-russia relations

A guide to the EU’s lukewarm Russian oil embargo
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A guide to the EU’s lukewarm Russian oil embargo

After months of diplomatic wrangling, the European Union announced that it had reached an agreement to phase out Russian oil imports by the end of the year. But the agreement also includes a slate of carve-outs that could dilute the bloc’s effort to decapitate the Kremlin’s war machine.

Ukrainian President Volodymyr Zelenskiy speaks in Russian during an address in Kyiv, Ukraine, February 24, 2022 in this still image taken from video.
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What We're Watching: Zelensky stays put as EU, US sanction Putin & Biden Supreme Court nominee makes history

As Russian forces entered the Ukrainian capital of Kyiv on Friday, the US, Canada, and the EU said they would freeze the assets of Russian President Vladimir Putin and his foreign minister, Sergey Lavrov. British Prime Minister Boris Johnson had earlier announced a similar move. Though most analysts say that Putin has used fronts to shield his personal wealth from measures like this, the move marks a significant symbolic escalation and further isolates the Kremlin from the international community.

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Inside the holiday spending outlook

From shopping to services, consumer spending is showing strength across categories. Holiday shopping got an early start, and it’s not just higher earners filling their carts. Bank of America Institute sees continued spending growth recovery for lower- and middle-income households. See what’s driving the trends.

Thousands of activists marched in the Bangladeshi capital Dhaka on Tuesday to denounce a wave of violence against minority Hindus over an allegedly blasphemous social media post in the predominantly Muslim South Asian country.
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What We're Watching: Bangladesh religious violence, Ecuadorian drug emergency, Lebanese to vote, Russia ditches NATO