‘Extremely turbulent’ with a fall in oil prices after Trump’s tariff: Russia’s monitoring situation closely ‘
Russia said on Monday that the global oil market is experiencing significant instability after the implementation of the United States of “Liberation Day” tariffs on many countries.
Trading data shows that on London ice, Brent crude oil futures The contract for delivery for June 2025 delivery fell below $ 63 per barrel at 10.08 AM Moscow time (7.08 am GMT), marking the lowest level since April 12, 2021.
During a briefing, Kremlin spokesman Dimitri Peskov said, “This indicator is very important for our budget repayment. We are closely monitoring the situation, which is currently charged extremely turbulent, stressful and emotionally. It is related to America’s decision to impose tariffs on most countries of the world.”
Peskov assured that the Russian officials are implementing measures to protect the national economy from ups and downs in the global market.
On 2 April, US President Donald Trump announced tariffs affecting 185 countries and regions, although Russia was not subject to new sanctions.
When questioned, Press Secretary Karolin Levit explained to Ex -Russian that Russia’s lapse was due to the current US sanctions that “stops any meaningful trade”.
The US administration introduced universal tariffs of 10% on 5 April on 5 April, with a specific tariff prescribed for 9 April. In addition, 25% customs duty was levied on all imported vehicles from April 3. Trump also declared a national economic emergency.
