(Combination) The picture combination created on February 21, 2020 shows Donald Trump’s speech at a U.S. Congress in Phoenix, Arizona on February 19, 2020. Russian President Vladimir Putin
Jim Watson | AFP | Getty Images
After U.S. President Donald Trump said on Tuesday that Russia’s economy is “notorious” and the cracks between Moscow and Washington will deepen, while lower oil prices will hammer President Vladimir Putin’s oil-funded war machine.
“Putin will stop killing people if you lower your energy by $10 a barrel. He has no choice because his economy is notorious.”
The comments came after Moscow and Washington, and despite the ongoing war that continued, Trump’s second term has been gracious in recent weeks.
Given Russia’s obvious reluctance to engage in a ceasefire or peace deal with Ukraine, Trump appears to have lost patience with Putin. Last Monday, the president said he was cutting 50 days Deadline for less than two weeks Putin arrives Peace Agreement Ukraine may face major “secondary tariffs” from Moscow’s trading partners.
This prompted former Russian president and senior Russian officials Dmitry Medvedev Responding on social media, Trump’s every new final pass on Russia forces its war to end Ukraine “It is a threat to war and a step forward.”
“Not between Russia and Ukraine, but with his own country,” Medvedev wrote on X. Trump said on Friday that he had ordered two Nuclear submarine In response to Medvedev’s comment, “should be positioned in the appropriate area.”
Russia is one of the world’s highest oil exporters, using revenue from oil exports to largely fund its war machine in Ukraine, which invades in 2022. Ukraine’s Western partners have used sanctions and restrictions to stifle these revenues, but countries such as India and China continue to buy discounted prices in Russia.
This angered Trump, who has threatened India over the past few days with huge tariff threats if it does not stop buying Russian oil. The president threatened a 25% tariff on India’s exports, as well as an “finishment” not specified last week, accusing New Delhi of buying discounted Russian oil and “selling it on the open market at a big profit.”
On Tuesday, Trump told CNBC that the tariff threshold could exceed 25% over the next 24 hours.
“India is not a good trading partner … so we settled down 25%, but I think I will greatly improve that in the next 24 hours because they are buying Russian oil, they are cheering for the war machine and I wouldn’t be happy if they were going to do that.”
Russia earlier on TuesdayThe Kremlin said India is free to choose its own trading partner, and Trump’s tariff threat is “trying to force the country to stop trade relations with Russia.”
“We don’t think such statements are legitimate,” Kremlin press secretary Dmitry Peskov continued in his speech to reporters on Tuesday.
“We believe that sovereign states should have and have the right to choose their own trading partners, partners of trade and economic cooperation. And choose a system of trade and economic cooperation that is in the interests of a particular country.”
On Tuesday, oil prices fell by about $65 a barrel on Tuesday as potential global demand weakened on Tuesday, and evaluated the announcements of OPEC and its production allies that they would increase production.
After Trump commented on Tuesday, Brent crude oil futures Less than 83 cents, or 1.2%, to $67.92 a barrel, while we West Texas Intermediate Crude Oil Reduced 87 cents to $65.41.
Meanwhile, when it comes to Russia’s war-centric economic aspects, dark clouds seem to be on the horizon. It works under the weight of international sanctions and indigenous pressure, which is also largely due to wars such as rampant inflation, food and production costs, and even Putin was described as “shocking.” Russia’s Ministry of Economic Development also predicts that economic growth will drop from 4.3% in 2024 to 2.5% this year.
