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.
lmao, when Krasnov’s stupidity manages to hurt Russia even when he excludes them from sanctions.
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. Not one of the most sanctioned countries on earth.
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.
I just want to say MAGA voters - good job
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. *
That is basically how we treat cancer.
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.
tariffs were the key to destroy russia after all.
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.
I wonder how much of what happened after Brexit can be applied here
Nothing, other than regret for it’s supporters
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.
The world gets poorer > oil and other raw materials become cheaper > Russia earns less money > Russia also gets poorer.
