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Russian conflict
Business, Safety

Hero Sergey Bort: Striving to Aid Embattled Ukrainians

Sergey Bort

When Russian military forces invaded Ukraine in February, Sergey Bort’s thoughts immediately turned to family.

Dan Ronan | Senior Reporter
October 28, 2022
Government, Business, Fuel

Oil Reserves Could Be Tapped to Head Off Winter Crisis

President Joe Biden

Officials within President Joe Biden’s administration are hunting for ways to head off a feared spike in oil prices later this year, including the possibility of an additional release from the nation’s emergency crude reserves.

Saleha Mohsin | Bloomberg News
September 8, 2022
Government, Business, Fuel

Biden Tells US Oil Refiners Record Profits ‘Not Acceptable’

President Joe Biden told U.S. oil refiners that unprecedented profit margins are unacceptable and called for “immediate action” to improve capacity as the soaring price of gasoline feeds record inflation and fears of a recession.

Justin Sink and Jennifer A Dlouhy | Bloomberg News
June 15, 2022
Government, Business, Safety, Logistics

De-Mining Ukraine’s Ports May Take Months

Removing sea mines near Ukraine’s key ports could take months, and hundreds of seafarers still are stranded in the region after Russia’s invasion of the country, according to the United Nations agency responsible for shipping safety.

Aine Quinn | Bloomberg News
June 9, 2022
Government, Business

Renault to Sell Russian Operations to Moscow

Russia will take control of French car manufacturer Renault’s operations in the country and resurrect a Soviet-era auto brand, officials said May 16, marking the first major nationalization of a foreign business since the war in Ukraine began.

Associated Press
May 16, 2022
Government, Business, Fuel

Biden’s Team Puts Up Over $3 Billion to Boost Battery Output

The Biden administration will spend more than $3 billion to support the domestic manufacturing of advanced batteries used in electric vehicles and energy storage, officials said May 2.

Ari Natter and Jenny Leonard | Bloomberg News
May 2, 2022
Business, Safety

Transportation Sector Rallies to Provide Help to Ukrainians

The transportation industry has stepped up to assist the people of Ukraine in the wake of Russia’s invasion of the country that triggered a refugee crisis.

Connor D. Wolf | Staff Reporter
April 22, 2022
Business, Equipment

Volvo Takes $423 Million Hit as Russia Business Halted

Volvo AB said Russia’s war in Ukraine has forced it to make provisions in the first quarter totaling $423 million that will have a negative impact on operating income.

Rafaela Lindeberg | Bloomberg News
April 8, 2022
Fuel

Nations to Release Millions of Barrels of Oil Amid War

PARIS — The International Energy Agency said April 7 that its member countries are releasing 60 million barrels of oil from their emergency reserves on top of previous U.S. pledges to take aim at energy prices that have soared since Russia invaded Ukraine.

Associated Press
April 7, 2022
Government, Business, Technology

Russia War Could Further Escalate Auto Prices, Shortages

DETROIT — BMW has halted production at two German factories. Mercedes is slowing work at its assembly plants. Volkswagen, warning of production stoppages, is looking for alternative sources for parts.

Tom Krisher and Kelvin Chan | Associated Press
April 4, 2022

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