Gas prices hit a new all-time high on May 10, 2022, amid rising inflation and President Biden’s restrictions on oil and gas production.
Barely a month after the West imposed heavy sanctions on Russia, the ruble has bounded back up against the US dollar, to levels last seen before the invasion of Ukraine. It prompts the question: Why isn’t the ruble feeling the pain? Are sanctions not working?
Beijing has tried to create a rift between the EU and the U.S. by telling Brussels to pursue an “independent” policy toward the Russian-Ukraine war.
The Global Times, an English-language Chinese publication, noted how Beijing is encouraging EU leaders to take a “primary role for Ukrainian resolution.”
The Biden administration is moving to impose a new slate of sanctions on Russia over the poisoning of outspoken Kremlin critic Alexei Navalny, national security adviser Jake Sullivan announced Sunday.
Hope is not a method
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