February 25, 2022

Explosions were reported over Kyiv, the capital. Several countries announced severe new sanctions, as Vladimir Putin remained resolute about his decision to invade.

The penalties will affect Russia’s biggest banks, its weapons industry, its largest energy company and families close to President Vladimir V. Putin. The country’s stock market has plummeted.

Moscow relies on the money it makes by selling oil and gas, but that energy fuels Europe’s economy and heats its homes.

City dwellers, who retreated to rural areas in the pandemic, now see drawbacks, from pests and social isolation to the difficulty of finding day care and health care.

The Federal Reserve’s preferred measure is at a four-decade high. Rising gas prices tied to Russia’s invasion of Ukraine could push it up further.