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.
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.
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It was a joke bcz he's done basically nothing good in the last three months.
After re-reading your comment, I see that too. Sorry.
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......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.
I’m guessing chicken eggs are as popular as they are mostly because chickens are easy to handle
There's more to it. Chickens lay lots of eggs (like a dozen) before going broody (when they stop laying and just sit on the eggs to keep them warm), so production is high. Penguins OTOH, lay one of two per season.
I’m guessing chicken eggs are as popular as they are mostly because chickens are easy to handle
Except that they are. Chickens that are actually raised free, and peck on insects, herbs and other stuff outside lay eggs that are absolutely delicious, and the meat is also very tasty. You can even say that they come pre-seasoned, if you don't mind chewy meat.
The almost tasteless eggs/meat come from industrial scale farming that feeds the chickens with grain-based feedstock in large amounts, so they grow quickly. (source: my aunts raised free-range chickens for both eggs and meat. They were really tasty)
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Nothing, other than regret.
That’s something tho. Definitely a big shift in political opinion in their 2024 election. You don’t think we can expect to see other similarities? Devaluation of our currency. Prices of common goods increased. Wages outpaced inflation decently.
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......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.
......are penguin eggs any good?
They are if you like eating translucent blue eggs that taste of fish.
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......are penguin eggs any good?
They are if you like eating translucent blue eggs that taste of fish.
Huh. Well I'm intrigued more than anything else... I'd try it.
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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 most dangerous aspect for the Russian economy is probably the low oil price. They are operating with minimal profits at normal times, and low prices like now they have to put money into the business instead of getting profits out of it.
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$23.7 billion is nothing, are these guys a third world country or something?
yeah what a bunch of hacks. The US can out third-world country them any day of the week.
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Russia didn't even get a tariff right? So they hurting just from side-effects? lol
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They tariffed penguins though.
good thing penguins still have antartica
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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.
tariffs were the key to destroy russia after all.
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Except we did something like $3.5b in trade with them last year somehow. And they taxed uninhabited islands.
The uninhabited islands bit is interesting. It looks like they stumbled on a massive money laundering operation. Not that they'll look into it, mind you.
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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.
I thought that there were no tarrifa added to Russia in the recent wave?
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I just want to say MAGA voters - good job
Yeah, if this was the Drumpfsters end goal, then well done.
I absolutely doubt it was anything but an unexpected consequence, which the US regime will try and correct tomorrow
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I thought that there were no tarrifa added to Russia in the recent wave?
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