Russian Shipping Traffic Remains Strong as Sanctions Take Time to Bite
Ana Swanson • May 13, 2022
The traffic was robust in March and April, reflecting the time it takes for sanctions to come into effect and an enduring profit motive for trading Russian energy.
Jerome Powell, the Fed chair, said the central bank is prepared to raise rates more quickly and higher if price pressures fail to fade.
Gas prices cooled down slightly in April but were still at elevated levels, while oil prices remain volatile.
