Ukraine’s domestic arms manufacturers bristle at the notion the country relies entirely on military aid from the U.S. and Europe. The country’s weapons development and production, they say, is robust.
Russia-Ukraine war
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‘Let’s hope that we’re ready’: URI economist says Rhode Island should be able to withstand the economic impact of Russia’s invasion of Ukraine
The effects of the Russian invasion of Ukraine are being felt across the global economy, including right here in Rhode Island. URI economist and author of the Rhode Island current conditions index Len Lardaro says the impact has been especially hard on families, small businesses and the state’s manufacturing sector. But despite the challenges, Lardaro thinks the state’s $1.1 billion share of federal pandemic relief money will help stimulate overall growth in 2022. Reporter Joe Tasca spoke with Lardaro about Rhode Island’s economic outlook.
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Biden joins allies, bans Russian planes from US airspace
President Joe Biden announced Tuesday night in his State of the Union address that the U.S. is banning Russian flights from its airspace in retaliation for the invasion of Ukraine. The move follows similar action by Canada and the European Union this week. Biden also issued an ominous warning that without consequences, Russian President Vladimir Putin’s aggression wouldn’t be contained to Ukraine. The ban would come on top of a wide range of sanctions the U.S., Europe and other nations have imposed on Russia that have caused the value of its currency, the ruble, to plunge, and are expected to hammer its economy.
