Murphy aims to sever financial ties with Russia in response to its invasion of Ukraine, but he noted that Lukoil stations are franchised by New Jersey locals.
The "best thing" that China could do right now is to broker a peace deal between Russia and Ukraine, said economist Stephen Roach, as the war shows no sign of abating.
Can cryptocurrencies like bitcoin be used by Russia to avoid sanctions? That's one of the big questions that have been raised during the war with Ukraine.
A conservative victory for South Korea's upcoming presidential election on March 9 could see the country adopt a rigid stance on North Korea and China.
OMB's letters to House Speaker Nancy Pelosi and other top Democrats said more money for Ukraine and the fight against Covid will likely be needed down the road.
There are fears that high oil prices will be highly recessionary, destroy oil demand and slow down a lot of economies, said Paul Sankey of Sankey Research.