In 1974 when Vice President Gerald Ford succeeded to the presidency after Richard Nixon resigned, the country was in a bad economic crisis. The Arab oil shocks of 1973 led to a 300% increase in the price of oil, which translated into inflation of more than 12%.
Russia’s president criticizes the West as the country faces a new massive wave of sanctions, while Ukraine's president asks to be admitted into the European Union.
California Democrat Eric Swalwell suggested last week that the U.S. government should think about sending Russian students home in response to the Ukraine conflict.
The Ukrainian delegation has arrived in the area of the Ukrainian-Belarusian border to take part in talks with representatives of the Russian Federation.