Trump unintentionally dealt a blow to the Russian economy — what are the consequences?
news.online.ua
Sat, 05 Apr 2025 18:04:13 +0300
What is happening to the Russian economyAnalysts point out that Russian stock exchanges collapsed after the US president launched a global tariff war.It is hard to ignore the fact that the capitalization of companies on the Moscow Exchange MOEX has decreased by 23.7 billion.The MOEX Russia index, which tracks Russias 43 largest public companies, has lost 8 over the past few days.According to experts, this was the largest drop in the last 3 years.
In particular, the shares of such Russian giants as Sberbank 5.2, Gazprom 4.9, metallurgical and coal giant Mechel 7 and gas company Novatek 5.4 fell in price.
Analysts have predicted that the US tariffs will likely cause a global economic slowdown and a decline in oil demand and, consequently, oil prices.
This will also have a negative impact on the aggressor country.
In addition to the indirect effect of Trumps global tariffs, the Russian stock market was affected by OPECs plans to more than triple oil production in May.
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