What sanctions against sanction-proof Russia means for the global economy : Planet Money The U.S. is putting Russia's defense plan against sanctions to the test. Meanwhile, Russia's role as a huge exporter of oil and natural gas could cause ripple effects throughout the global economy. | Subscribe to our weekly newsletter here.

'Fortress' Russia put to the test

'Fortress' Russia put to the test

  • Download
  • <iframe src="https://www.npr.org/player/embed/1084027938/1084075070" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript
Stefani Reynolds/AFP via Getty Images
A person pumps gas in Washington, DC, on February 23, 2022. - Wall Street stocks fell February 22, 2022 after US President Joe Biden unveiled fresh sanctions on Moscow, while a surge in oil prices was limited by expectations the measures would not impact Russia's crude production. (Photo by Stefani Reynolds / AFP) (Photo by STEFANI REYNOLDS/AFP via Getty Images)
Stefani Reynolds/AFP via Getty Images

After Russia invaded Ukraine last week, the U.S., U.K. and E.U. retaliated with economic sanctions. The ripple effects of those sanctions have been felt throughout the global economy. Today, two stories from The Indicator on the ongoing economic consequences of the invasion.

We look at how Russia's defense plan against sanctions is being put to the test and the three economic indicators to watch in the conflict between Russia and Ukraine.

Music: "Billionaire" "Alpine Meditation" and "Delta Cycle."

Find us: Twitter / Facebook / Instagram / TikTok

Subscribe to our show on Apple Podcasts, Spotify; and NPR One.

Want economics stories from the comfort of home? Subscribe to Planet Money's weekly newsletter.