Has Trump (accidentally) Crashed Russia’s Economy?

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While Russia was seemingly omitted from Trump’s Liberation Day tariffs, Putin will still feel their impact as they will likely lead to a decline in demand for Russian oil. So in this video, we’ll explain why oil prices have and could continue to fall.

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Sources:

US-Russia trade
https://www.dw.com/en/donald-trump-tariffs-russia-belarus-sanctions-imports-trade-goods/a-72150328 

Brent-Urals discount
https://incorrys.com/energy/energy-price-forecast/brent-urals-differential/?refreshed=true 
https://www.reuters.com/markets/commodities/russian-urals-oil-prices-fell-lowest-level-since-2023-brent-price-collapsed-2025-04-07/ 

Russia federal budget 2021-23
https://www.atlanticcouncil.org/content-series/russia-tomorrow/oil-gas-and-war/#russian-budget 

Dollar index
https://www.marketwatch.com/investing/index/dxy 

Bloomberg on trajectory of oil prices
https://www.bloomberg.com/opinion/articles/2025-04-08/trump-tariffs-ghost-of-jakarta-haunts-a-fragile-oil-market?utm_source=website&utm_medium=share&utm_campaign=twitter?sref=5dj0X2VO

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