"Their purchases of Russian crude are undermining the West’s efforts to isolate the Kremlin and upending the global oil markets."

"Russia can export, but it can’t buy what it needs."

"The ultimate arbiter of a sovereign default is an open question but markets may have the final word."

Russians lived for 73 years under brutal Soviet rule. _...Read More_

"The ruble plunged, the stock market was shuttered and foreign investors shed holdings in Russian companies, deepening the concern among citizens who had become accustomed to the perks of globalization."

>"President Vladimir V. Putin has learned from earlier U.S.-led sanctions, and his allies could benefit from a more isolated Russia."

"Since paying the price for annexing Crimea in 2014, Russia has tried to make its economy sanctions-proof, hoarding currency to insulate the country."

>"The Biden administration said it would not immediately remove the Trump administration’s tariffs and would require that Beijing uphold its trade commitments."

"Ending it could both help protesters secure greater economic freedom and rapidly illustrate the superiority of a capitalist system to the Cuban people by fueling the growth necessary to bring them out of poverty."

"As president, Joe Biden will face deep dilemmas, and a lot of unfinished business, stemming from President Trump’s multiyear onslaught against China.

North Korea on Thursday announced plans to hold a rare Workers’ Party congress in January to work on a new plan to shore up its economy. Mr. Kim’s blunt admission of policy shortcomings during a formal party meeting was an indication of how _...Read More_