Russian Markets Reel from Trump Tariffs, Oil Price Collapse - The Moscow Times
www.themoscowtimes.com
Russia’s stock market has suffered its worst week in more than two years in response to U.S.

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.

  • in4apenny@lemmy.dbzer0.comEnglish
    191·
    3 days ago

    Really puts the £36 TRILLION that’s sitting liquid in offshore tax havens into perspective. $23.7 billion isn’t even 1% of that.

    • yeahiknow3@lemmings.worldEnglish
      151·
      3 days ago

      It would be so easy to tackle the offshoring of US tax funds.

      1. Implement better tax laws.
      2. Billionaires attempt to leave the country with their ill-gotten booty.
      3. Send Seal Team Six after them like Bin Laden. Drop bombs if you have to. The word “billionaire” should be synonymous with “terrorist.”
      4. Problem solved.

      The fun part is we can’t even fuck up our image on the world stage because Trump already did that.