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Ruble plummets as sanctions bite, sending Russians to banks

  MOSCOW -- Ordinary Russians faced the prospect of higher prices and crimped foreign travel as Western sanctions over the invasion of Ukraine sent the ruble plummeting, leading uneasy depositors to line up at banks and ATMs on Monday in a country that has seen more than one currency disaster in the post-Soviet era. The Russian currency plunged about 30% against the U.S. dollar after Western nations announced unprecedented moves to block some Russian banks from the SWIFT international payment system and to restrict Russia's use of its massive foreign currency reserves. The exchange rate later recovered ground after quick action by Russia's central bank. But the economic squeeze got tighter when the U.S. fleshed out the sanctions to immobilize any assets of the Russian central bank in the United States or held by Americans. The Biden administration estimated that the move could impact “hundreds of billions of dollars” of Russian funding. U.S. officials said Germany, France, the ...

California, Oregon, Washington to drop school mask mandates

  SACRAMENTO, Calif. -- Schoolchildren in California, Oregon and Washington will no longer be required to wear masks as part of new indoor mask policies the Democratic governors of all three states announced jointly on Monday. “With declining case rates and hospitalizations across the West, California, Oregon and Washington are moving together to update their masking guidance,” the governors said in a statement. There are more than 7.5 million school-age children across the three states, which have had some of the strictest coronavirus safety measures during the pandemic. The new guidance will make face coverings strongly recommended rather than a requirement at most indoor places in California starting Tuesday and at schools on March 12, regardless of vaccination status. In Washington and Oregon, all the requirements will lift on March 12. In all three states, the decision of whether to follow the state guidance will now rest with school districts. The milestone, two years in the ...

As tensions simmer, China demands US action to improve ties

  BEIJING -- China's top diplomat called on the U.S. Monday to take steps to improve ties, as tensions simmer over   Taiwan , trade and other issues. Foreign Minister Wang Yi’s remarks Monday were delivered virtually to a forum marking the 50th anniversary of the Shanghai Communique signed during the icebreaking 1972 visit to  China  by President Richard Nixon. That trip led seven years later to the U.S. and China establishing diplomatic relations, upon which the U.S. cut formal ties with Taiwan, which China claims as its own territory to be brought under its control by force if necessary. Wang urged Washington to “reinstate a reasonable and pragmatic China policy” and work with China to put their relations on track. He reiterated China’s complaints that the U.S. was not upholding its commitments but didn't mention any specific steps China would take. The sides need to view their relations “in the broader perspective, with a more inclusive attitude, and choose dialog...