Russian markets reel from Trump tariffs, oil price collapse
-
......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.
-
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.
-
$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.
-
Russia didn't even get a tariff right? So they hurting just from side-effects? lol
-
They tariffed penguins though.
good thing penguins still have antartica
-
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.
-
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.
-
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?
-
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
-
I thought that there were no tarrifa added to Russia in the recent wave?
