Russian economy “stinks”, – says Trump, and low oil prices stop the war

(Combo) Such a combination of images created on February 21, 2020, shows that US President Donald Trump appears on the big action “Save America” in Phoenix, Arizona, February 19, 2020. Russian President Vladimir Putin issues a speech at the ceremony in Jerusalem on January 23, 2020, honoring Leningrad people during World War II in the city.

Jim Watson | AFP | Gets the image

The gap between Moscow and Washington looks to deepen when US President Donald Trump said on Tuesday that the Russian economy is “stinking” and that a decline in oil prices will order a military car funded by Vladimir Putin.

“Putin will stop killing people if you get another $ 10 per barrel. He will not have a choice because his economy stinks,” Squawk Box said.

See a complete interview with CNBC with President Donald Trump

The comments come after the relations between Moscow and Washington, which remained heartfelt at the beginning of Trump’s second term, despite the current war in recent weeks.

It seems that Trump is losing patience with Putin, given Russia’s unwillingness to engage in a ceasefire or a peaceful deal with Ukraine. Last Monday president said he was shrinking from 50 days before Less than two weeks his term In order for Putin to reach A peaceful deal Ukraine either confronts the big “secondary tariffs” on Moscow’s trading partners.

This pushed a former Russian president and a high -ranking Russian official Dmitry Medvedev Respond to social media that every new ultimatum that Trump makes Russia make it stop its war Ukraine “This is a threat and step before the war.”

“Not between Russia and Ukraine, but with their country,” ” Medvedev wrote on x. Trump on Friday said he ordered two Nuclear submarines “To be posted in the relevant regions” in response to Medvedev comments.

Russia, one of the best oil exporters in the world, used income from oil export to largely fund its military machine in Ukraine, which it broke in 2022. The Western partners of Ukraine used sanctions and restrictions to try to stifle these income, but countries such as India and China continued to buy with discounts of the Russians.

It angered Trump, and in the last few days he threatened India with steep tariffs if he did not stop buying Russian oil. Last week, the president threatened 25% of Indian exports on duty, as well as an uncertain “fine”, accusing New Delhi of buying a reduced Russian oil and “selling it in the open market for great profits.”

On Tuesday, Trump said CNBC that the tariff threshold could be exceeded above 25% in the next 24 hours.

“India was not a good trading partner … So we settled by 25%, but I think I’m going to raise it very significantly over the next 24 hours because they buy Russian oil, they feed the military car, and if they are going to do it, I will not be happy,” Trump said.

Russia earlier on Tuesday weighed in the fetusWhen the Kremlin said India could choose their own trading partners and that Trump’s tariff threats were “attempts to force the country to stop trade relations with Russia.”

“We do not believe that such statements are legal,” the Kremlin’s press -secretary Dmitry Peskov continued, talking to journalists on Tuesday.

“We believe that sovereign countries must have and have the right to choose their own trading partners, trade partners and economic cooperation.

India was not a good trading partner, raising tariffs for Russian oil: President Trump

Oil prices fell around the middle of $ 65, on Tuesday, when traders estimated the announcement of OPEC and its allies producing oil that they will go for production, amid a potential weak world demand.

After Trump’s comments on Tuesday, Brent Crude Futures were decreased by 83 cents, or 1.2%, up to $ 67.92 a barrel, and we Western Texas intermediate raw material poured 87 cents to $ 65.41.

Meanwhile, dark clouds are definitely going to the horizon when it comes to the economy oriented to Russia. He worked under the weight of international sanctions as well as houses Putin called “disturbing”. The Ministry of Economic Development of Russia also predicts that this year economic growth will slow down from 4.3% to 2.5%.

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