The war’s impact has dampened the outlook for global economic growth, which fell below the two-decade average of 3.8% based on the annual World Economic Outlook to 3.4% in 2022 and is expected ...

Daria Slavytska, 27, takes shelter inside a metro station with her 2-year-old son Emil during a Russian missile and drone strike, amid Russia's attack on Ukraine, in Kyiv, Ukraine July 9, 2025. REUTERS/Alina Smutko

Feb. 15 (UPI) --Europe is facing strong economic headwinds. Record inflation, the need to recover from the pandemic, and a divided response to Russian troop deployments along the Ukraine border ...

Russia is set to lose yet another source of income for its war chest in days — and it's Ukraine calling the shots. An agreement to let piped Russian natural gas transit via Ukraine to Europe is set to expire at the end of the year, depriving Moscow of billions of dollars in income for its wartime economy.

Russia’s attack on Ukraine Wednesday means the conflict will take a bigger toll than believed on the U.S. economy as it drives oil prices and inflation higher and intensifies supply chain snarls.

A potential Russian invasion of Ukraine could negatively impact the pocketbooks of average Americans, who are already facing higher prices and rising inflation. Moscow’s saber-rattling has led ...