Russian markets reel from Trump tariffs, oil price collapse
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Russia didn't even get a tariff right? So they hurting just from side-effects? lol
Turns out when lunatics seize control of the insane asylum, except the asylum is the world's wealthiest economy, it ultimately impacts every economy on earth.
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Summary
Russia’s stock market lost $23.7 billion in two days after Trump’s new global tariffs and a steep oil price drop, marking its worst week since 2022.
The MOEX Russia Index fell 8.05%, with major firms like Sberbank, Gazprom, and Rosneft plunging. Brent crude dropped 12%, and copper fell 11%, stoking global recession fears.
Russia, heavily reliant on commodity exports, faces budget strain and potential ruble devaluation.
Peace talks over Ukraine remain stalled as the U.S. signals impatience, and NATO sees no shift in Russia’s war objectives.
Wow trump has done more to hurt the Russian war effort in two days with tariffs than Biden did in 3 years. That's something, I guess...so we got that goin for us.
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Wow trump has done more to hurt the Russian war effort in two days with tariffs than Biden did in 3 years. That's something, I guess...so we got that goin for us.
He fucked the global economy. Of course it's going to hurt Russia. It's like setting yourself on fire because you have cancer - sure, the cancer will suffer *too. *
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they didn't get tariffs because they are embargoed.
They didn't get tariffed because Trump is a Russian asset
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they didn't get tariffs because they are embargoed.
They tariffed penguins though.
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He fucked the global economy. Of course it's going to hurt Russia. It's like setting yourself on fire because you have cancer - sure, the cancer will suffer *too. *
It was a joke bcz he's done basically nothing good in the last three months.
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They tariffed penguins though.
Big Cheeto was afraid the penguins would flood American markets with cheap eggs, thus the tarifs.
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fewer
I understood that middle eastern oil can be dirt cheap because it is simply pumped, whereas US oil can’t be because you have a lot more costs, especially with fracking.
They’re trying to block “drill baby, drill” by making it unprofitable for companies to do that
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Summary
Russia’s stock market lost $23.7 billion in two days after Trump’s new global tariffs and a steep oil price drop, marking its worst week since 2022.
The MOEX Russia Index fell 8.05%, with major firms like Sberbank, Gazprom, and Rosneft plunging. Brent crude dropped 12%, and copper fell 11%, stoking global recession fears.
Russia, heavily reliant on commodity exports, faces budget strain and potential ruble devaluation.
Peace talks over Ukraine remain stalled as the U.S. signals impatience, and NATO sees no shift in Russia’s war objectives.
$23.7 billion is nothing, are these guys a third world country or something?
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$23.7 billion is nothing, are these guys a third world country or something?
Really puts the £36 TRILLION that's sitting liquid in offshore tax havens into perspective. $23.7 billion isn't even 1% of that.
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They tariffed penguins though.
they didn't tariff any embargoed countries, that includes cuba and north korea
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They didn't get tariffed because Trump is a Russian asset
and a cuban one, apparently
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He fucked the global economy. Of course it's going to hurt Russia. It's like setting yourself on fire because you have cancer - sure, the cancer will suffer *too. *
That is basically how we treat cancer.
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That is basically how we treat cancer.
.... Chemotherapy targets rapidly dividing cells (e.g. cancer, hair, blood). Most cells in your body don't undergo mitosis often enough to be affected by chemo.
Besides, we have a host of other treatments for cancer:
...to name a few categories.
So, no this is not even "basically" how we treat cancer.
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Really puts the £36 TRILLION that's sitting liquid in offshore tax havens into perspective. $23.7 billion isn't even 1% of that.
It would be so easy to tackle the offshoring of US tax funds.
- Implement better tax laws.
- Billionaires attempt to leave the country with their ill-gotten booty.
- Send Seal Team Six after them like Bin Laden. Drop bombs if you have to. The word “billionaire” should be synonymous with “terrorist.”
- Problem solved.
The fun part is we can’t even fuck up our image on the world stage because Trump already did that.
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Big Cheeto was afraid the penguins would flood American markets with cheap eggs, thus the tarifs.
......are penguin eggs any good? Like, I'm guessing chicken eggs are as popular as they are mostly because chickens are easy to handle as livestock; not because their eggs or meat is anything special relative to other birds.
Like, the absolute best eggs and drumsticks and such might be some Chilean parrot or something, but we don't and will never know because they're squirrelly little fuckers and bite the shit out of anyone who gets close, so we just dismiss them as not worth the effort.
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Summary
Russia’s stock market lost $23.7 billion in two days after Trump’s new global tariffs and a steep oil price drop, marking its worst week since 2022.
The MOEX Russia Index fell 8.05%, with major firms like Sberbank, Gazprom, and Rosneft plunging. Brent crude dropped 12%, and copper fell 11%, stoking global recession fears.
Russia, heavily reliant on commodity exports, faces budget strain and potential ruble devaluation.
Peace talks over Ukraine remain stalled as the U.S. signals impatience, and NATO sees no shift in Russia’s war objectives.
I just want to say MAGA voters - good job
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they didn't get tariffs because they are embargoed.
Except we did something like $3.5b in trade with them last year somehow. And they taxed uninhabited islands.
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Summary
Russia’s stock market lost $23.7 billion in two days after Trump’s new global tariffs and a steep oil price drop, marking its worst week since 2022.
The MOEX Russia Index fell 8.05%, with major firms like Sberbank, Gazprom, and Rosneft plunging. Brent crude dropped 12%, and copper fell 11%, stoking global recession fears.
Russia, heavily reliant on commodity exports, faces budget strain and potential ruble devaluation.
Peace talks over Ukraine remain stalled as the U.S. signals impatience, and NATO sees no shift in Russia’s war objectives.
I wonder how much of what happened after Brexit can be applied here
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I wonder how much of what happened after Brexit can be applied here
Nothing, other than regret.
