Russian markets reel from Trump tariffs, oil price collapse
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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.
The entire global trade system is in free fall.
It's so crazy to blink past tanking indexes in Tokyo, Frankfurt, and Dubai while pumping a fist and announcing "Fuck yeah! We got Russia!"
If anyone should be extremely worried right now, you'd think it would be the Saudis.
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Apparently in addition to Trump probably producing a recession and thus clobbering oil demand, OPEC decided, for some reason, to increase production.
https://finance.yahoo.com/news/oil-extends-sharp-drop-surprise-061831274.html
Oil’s rout was triggered Thursday by US President Donald Trump deluge of tariffs, which threaten the global economy and energy consumption. Hours later, OPEC+ tripled a planned output hike for May, in what delegates called a deliberate effort to lower prices to punish members that were pumping above their quota.
West Texas Intermediate futures have fallen about 14% in just two days — settling near $61 a barrel in a move similar to steep losses seen during the pandemic — while Brent also ended the day at the lowest since 2021. The declines were exacerbated on Friday by China’s retaliation against the US duties, including a 34% tariff on all imports from the US starting within a week.
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The entire global trade system is in free fall.
It's so crazy to blink past tanking indexes in Tokyo, Frankfurt, and Dubai while pumping a fist and announcing "Fuck yeah! We got Russia!"
If anyone should be extremely worried right now, you'd think it would be the Saudis.
It’s so crazy to blink past tanking indexes in Tokyo, Frankfurt, and Dubai while pumping a fist and announcing “Fuck yeah! We got Russia!”
When the US suffers along with the rest of the world: "YES! Take THAT Amerikkkan Empire!"
When Russia suffers along with the rest of the world: "W-we shouldn't celebrate... t-think of everyone else who's being hurt..."
Curious, the difference in reactions to the exact same fucking crisis.
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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.
Russia didn't even get a tariff right? So they hurting just from side-effects? lol
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I'd guess they're increasing production on the hopes that less countries purchase from the US
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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Russia didn't even get a tariff right? So they hurting just from side-effects? lol
they didn't get tariffs because they are embargoed.
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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.
The world gets poorer > oil and other raw materials become cheaper > Russia earns less money > Russia also gets poorer.
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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. *
