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Russian Invasion of Ukraine

Politics
Ukraine Crisis: NY Lawmakers Push To Suspend Gas Tax Ukraine Crisis: NY Lawmakers Push To Suspend Gas Tax
Ukraine Crisis: NY Lawmakers Push To Suspend Gas Tax With gas prices at the pump surging to record highs, some New York lawmakers are proposing a temporary suspension of the statewide gas tax to provide some financial relief to motorists. Upstate New York Sen. Peter Oberacker and Sen. Senator Fred Akshar announced that they are jointly proposing the New York Gas Tax Relief Act to combat the increased costs that have spiked due to the Russian invasion of Ukraine. If approved, the legislation would suspend the state gas tax through Thursday, Sept. 1, “in an effort to combat the increased costs that have burdened New Yorkers over the past two …

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by Zak Failla
Business
Russia's Ukraine Invasion Could Lead To Price Hikes For These Food Products In Addition To Oil Russia's Ukraine Invasion Could Lead To Price Hikes For These Food Products In Addition To Oil
Russia's Ukraine Invasion Could Lead To Price Hikes For These Food Products In Addition To Oil The Russian invasion of Ukraine is expected to cause a flux in the markets, sending the prices of energy and certain agricultural products through the roof as supply chains are further disrupted. Experts are expecting oil and gas prices to spike due to the European crisis, though some of Russia and Ukraine’s largest exports are expected to impact costs for other products overseas and stateside. Officials said that outside of energy, the price of products such as wheat, barley, corn, copper, and nickel are likely going to be on the rise as supply chains already impacted by the COVID-19 pande…

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by Zak Failla