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Ruble on the Rebound

Russia’s currency has strengthened more than any other this year. What does that mean for the West’s plan to pressure Moscow out of Ukraine?

Argument

Playing the Putin Card

What’s behind the Greek prime minister’s dalliance with Moscow?

Passport

Tsipras Goes Hat in Hand to Moscow, Walks Away Disappointed

How Athens is trying to use brinksmanship with Moscow to extract concessions from its European creditors.

ChinaFile

Washington’s Big China Screw-up

U.S. efforts to oppose a $50 billion China-led infrastructure bank have backfired. Experts explain why.

Report

If You Can’t Beat ‘Em, Join ‘Em?

The U.S. walks back opposition to Beijing’s new infrastructure bank after calls to shun it were ignored by the rest of the world.

Report

Are Emerging-Market Investors Heading for the Exits?

What the end of Yellen’s patience on interest rates means for smaller economies.

Report

Breaking Up Sanctions Is Hard to Do

A historic nuclear deal with Iran is in sight, but unraveling the web of financial embargoes, asset freezes, and restricted oil sales won’t be easy.

Report

Will Cheap Oil Spell the End of Cheap Energy in the Middle East?

Plunging crude prices prompt calls for an end to wasteful energy subsidies in the region. That’s a lot easier said than done.

Report

Boko Haram’s Empire of Smoked Fish and Stolen Cows

Forget oil or gold. West Africa’s most dangerous terrorist group is funding its rampages by ignoring the rich and targeting the poor.

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    March 2015 Issue Cover