The Latest Breaking News from Rachel Ziemba

Treasury Secretary Janet Yellen is facing growing skepticism from some leading rich and developing nations as the residual impact of sanctions against Russia is deepening divisions among the Group of 20 countries

Rumors of a relationship between Putin, 69, and Alina Kabaeva, 39, date back more than a decade. Putin and the former Olympic gymnast are thought to have had at least three children together.

The U.S. Treasury Department is expected to tighten sanctions this week on Russia, threatening about $1 billion owed to bondholders for the rest of this year and putting the country once again on the edge of default.

Sanction resilience and understanding the West’s pain points are part of Putin’s long-term calculus.