Vladimir Putin

Schiff: Putin should not be "thanking God" for Trump

Lead House impeachment manager Rep. Adam Schiff (D-Calif.) lamented during Thursday's portion of the Senate impeachment trial that Russian President Vladimir Putin should not be "thanking God" for President Trump.

The Trump effect: Putin’s stock market soars

Illustration of Russian dolls stacked in order of height
Illustration: Sarah Grillo/Axios

Despite "tough" U.S. sanctions, Russia's economy is picking up steam, and its financial markets are delivering massive rewards to investors.

Why it matters: In an era in which the U.S. has made economic punishment its foreign policy weapon of choice, Russian President Vladimir Putin and others continue to defy the U.S. and are finding the consequences to be quite bearable.