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News & Articles By Mary Villareal
03/14/2022
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By Mary Villareal
Russia likely to default on sovereign debt payments
Russia got another slash in its credit rating on March 8 as Fitch Ratings warned that Moscow is likely to default on its sovereign debt payments. Less than a week after Fitch downgraded Russia to junk status and put Moscow on the “rating watch negative” following its invasion of Ukraine, the agency cut the rating […]
03/11/2022
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By Mary Villareal
McDonald’s pulls out of Russia, causes frenzy among population trying to get their last fast food fix
Fast-food giant McDonald’s recently announced store closures in Russia following the country’s invasion of Ukraine, causing a buying frenzy from hungry customers. One McDonald’s lover went viral for filling their fridge full of burgers. Many others have started selling Big Macs online for as high as £250 ($325.96) after McDonald’s announced that it is closing its 850 […]
03/11/2022
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By Mary Villareal
Russian Deputy PM: Rejection of Russian oil would lead to catastrophic consequences for global market
The United States and its allies have announced sanctions on a number of Russian sectors, including banning oil imports over its invasion of Ukraine. However, Russia is not backing down. Russia retaliated by threatening to close a major gas pipeline to Germany. Russian Deputy Prime Minister Alexander Novak said in a state television address that rejection […]
03/10/2022
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By Mary Villareal
Price of wheat soars to record high as war between Russia and Ukraine continues
The war between Russia and Ukraine has already driven up gas prices. Now, the price for wheat has also surged to its highest level. Wheat price is now at a record $12.94 per bushel, up 70 percent over the last month, as measured by a futures contract on the Chicago Board of Trade. The conflict […]
03/09/2022
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By Mary Villareal
Western powers warned of global collapse if they interfere with Russia’s invasion of Ukraine
Russia’s foreign ministry warned that sending weapons to Ukraine will lead to a “global collapse.” Foreign Minister Sergey Lavrov said that western powers sending mercenaries and military equipment to the front lines would be a catastrophic development. The warning came as United Kingdom Deputy Prime Minister Dominic Raab called on world leaders to support Ukraine with […]
03/02/2022
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By Mary Villareal
Advisory: Do not travel to Russia, Ukraine, Belarus and Moldova
Americans set to visit Russia are advised to reconsider their plans because of its ongoing conflict with Ukraine. A new Department of State advisory tells citizens to avoid travel to Russia as fighting rages on. The Feb. 28 advisory stated: “Do not travel to Russia due to the unprovoked and unjustified attack by Russian military forces in Ukraine, […]
03/01/2022
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By Mary Villareal
Financial pressures rise worldwide as governments witness the unfolding of the Russia-Ukraine crisis
Benchmarks rose in early trading in Tokyo and Shanghai as global investors began eyeing talks aimed at ending the Russian assault on Ukraine. The surging oil prices and increasing financial pressure from the U.S. and its allies on Russia for its invasion of Ukraine, are now adding to uncertainty about the global economic outlook. Russia, […]
03/01/2022
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By Mary Villareal
Biden starts posturing, says US will react if Russia moves into NATO territories
President Joe Biden has warned Russian President Vladimir Putin that the United States will get involved if the Russians move into North Atlantic Treaty Organization (NATO) territories. After his statement, the Pentagon deployed 7,000 personnel and hardware to Germany. Biden also put a new round of sanctions on Russia and promised that the country will […]
02/25/2022
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By Mary Villareal
Russia accuses US of developing bioweapons near its borders
There had been a lot of speculations on social media that Russian strikes on Ukrainian military installations could also include the United States’ bio-labs in the region. The Russian government has, for years, accused the U.S. of developing bioweapons near its borders. The theory was put forth Thursday, February 24, by a Twitter user whose […]
02/24/2022
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By Mary Villareal
Aluminum and nickel, other commodity prices rise following Russia’s move on Ukraine
Aluminum and nickel prices spiked after Russia moved troops to two areas in Ukraine and declared them as independent regions. Aluminum prices, which were at $3,270 per ton on February 21, jumped 3.67 percent to around $3,390 the following day. Meanwhile, nickel, which was trading at $24.350 per ton, jumped 3.9 percent to $25,300 on […]
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