Ukraine

China's President, Xi Jinping, said on March 8 that he was "pained" to see "flames of war reignited in Europe." But China has been reticent to criticize Russia.

The prospect of a nuclear exchange between Russia and the United States seemed, until recently, to have ended with the Cold War.

Since markets tend to react to geopolitical risks, US Federal Reserve economists Dario Caldara and Matteo Iacoviello recently built a geopolitical risk index (GPR) to be able to compare events at different points in time.

The largest refugee flow in Europe since the Yugoslav wars of the 1990s has elicited an enormous volunteer humanitarian effort in Europe,

The world is in the grip of an oil price shock. In just a few months, prices have risen from US$65 a barrel to over $130, causing fuel costs to surge, inflationary pressure to rise and consumer tempers to flare

Ukraine and Russia are two countries that border each other in Eastern Europe. On Feb. 24, 2022, Russia sent its army into Ukraine and began trying to take over the country by force.

Russia produces close to 11 million barrels per day of crude oil. It uses roughly half of this output for its own internal demand, and it exports 5 million to 6 million barrels per day.

Many companies in the U.S. and elsewhere have been quick to sever ties to Russia - going well beyond applying the sanctions ordered by their governments.

In 2014, Ukraine's military was called "decrepit" by one national security analyst, and its navy was in "a sorry state." Ukrainian General Victor Muzhenko, a former top commander of Ukraine's armed forces, went as far to say that the military was "an army literally in ruins."

Colorado's sports betting regulators have suspended betting on all Russian and Belarusian leagues and events following the invasion of Ukraine.