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Month: March 2022

It’s not the best time to be a Russian oligarch

CNN By Allison Morrow, CNN Business If Russia’s oligarchs weren’t already shaking in their custom Italian-leather boots, they probably are now. In his first State of the Union address Tuesday night, President Joe Biden addressed Russian President Vladimir Putin’s cronies directly, telling them that the United States and its allies are coming to “seize your

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Russia-Ukraine crisis replaces Covid as top risk to global supply chains, Moody’s says

By Matt Egan, CNN Business Covid-19 drove global supply chains to the breaking point, causing shortages and sending prices skyrocketing. Just as the pandemic has calmed down, Russia’s invasion of Ukraine threatens to further scramble those fragile supply chains. Russia is a major producer of commodities, everything from oil and natural gas to palladium and

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US officials say Biden administration is sharing intelligence with Ukraine at a ‘frenetic’ pace after Republicans criticize efforts

By Natasha Bertrand and Katie Bo Lillis, CNN The US has multiple channels open and is sharing intelligence with Ukraine at a “frenetic” pace, US officials said Thursday, disputing criticism that the Biden administration is not sharing battlefield intelligence fast enough. Still, the US’ secure communications with Ukrainian officials are becoming increasingly difficult to maintain

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Biden announces strengthened Buy American rule to help boost domestic manufacturing as he touts February job numbers

By Sam Fossum and Kate Sullivan, CNN President Joe Biden on Friday announced his administration finalized a new Buy American rule aimed at helping to boost US domestic manufacturing, an increasingly important effort as the country strives to compete with China and create more resilient domestic supply chains. The Buy American rule change, which was

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