Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
President Donald Trump and Russian President Vladimir Putin shake their hand when they hold a joint press conference after meeting in Helsinki, Finland, July 16, 2018.
Leonhard Foeger | Reuters
Russia has escaped the President Donald Trump’s trading tariffs presented earlier this month, but the Kremlin says Moscow is not safe from economic impetus that may arise in a potential global trade war.
“Of course, instability in the world economy cannot but affect Russia,” said Kremlin’s press, Dmitry Pesko, CNBC, translated by Google on Wednesday.
“At the same time, we manage to maintain macroeconomic stability even in many sanctions,” Pesko added in the comments by email.
Unlike many US allies affected by trading tariffs in Trump in early glory, Russia was deprived of new import tariffs when Trump has announced its wide list of new duties to be imported from more than 180 countries that are allegedly aimed at alignment.
Russia remained on attention, White House Press Caroline Levit told The Axios Media OutletBecause the US sanctions in the country for invasion of Ukraine in 2022 have already excluded “any significant trade” between the two countries. CNBC asked for additional comments from the White House and was waiting for a response.
Analysts have questioned that the claim, saying that Russia still sells from the US than a number of other countries that have been on the tariff list, such as Brunei and Mauritius. Ukraine, by the way, suffered with 10% tariff.
The global market Turbulence pushed Trump temporarily reduce tariff rates About imports from most countries – forbidding China – up to 10% for 90 days. Whether the negotiations that occur with different trading partners at this time may compromise and ultimately trade deals are very uncertain.
Russia’s reaction to Trump’s trade duties was ambiguous, and state -owned media observes the measures and cases of the market with a mixture of cool separation, some concerns of world economic volatility and notes of Schadenfreude on the turbulence that falls to the West.
Destabilization of Trump’s existing “World World Order”-which would like to disassemble Moscow, also regarded as a potential advantage of the Kremlin tariffs, analysts say. They warn that Russia is not safe from the influence of any trade war.
“On the surface, you see a lot of giggles and true relief (in Russia) that it is not the focus of Russia once,” said Anton Barbashin, a Russian political analyst and an editorial director on Wednesday, said “Russia considers itself the best position in the world.”
“Russia wants less global US, which is engaged in a constant conflict with China (though not war), so Washington does not have enough time for Europe,” he said in the comments by email.
Russian President Vladimir Putin visits the Congress of the Russian Union of Industrialists and Entrepreneurs in Moscow, Russia on March 18, 2025.
Maxim Shemetov | Reuters
Barbashin said that two schools in Russia appeared in Russia – one acknowledged the damage that the trade war could make the country, and the other acknowledged that economically weakened competitors benefit Russia geopolitically.
“Russia still depends on the global economy and high demand for its exports. If you should follow the global recession, it can seriously harm Russia’s pockets. However, Russia has another level of analysis that suggests that … the more he (Trump) to cause traceattlant relations, it would be easier for Moscow. Barbashin.
Russian analysts asked why Russia was not tariffs, and whether it could be part of the White House plan to try to get leverage in Moscow in any peace talks of Ukraine.
“The White House stated that Russia was not affected by tariffs because there was no trade between the two countries from Western sanctions … This is not exactly true,” said Alexander Kohander, senior employee of the European Policy Center.
In 2024, exports of Russian goods to the United States amounted to a 30-year minimum of about $ 3 billion, and the US exported goods worth $ 526 million to Russia, he noted.
“These are tiny figures when it comes to total US trade, but, for example, the forest, the African Kingdom with a population of 2 million, is sold even less in the US – about $ 2 billion a year – but was affected with a 50%tariff,” Koliandr said.
According to the formula used to determine tariffs on trading partners, Russia had to face the tariff for 40% based on the 2024 numbers. Calni, however, noted that in recent pre -war years, Russia and the US used Relatively balanced tradeWhat would mean that Russia suffered instead of the basic 10% tariff rate.
President Donald Trump and Russian President Vladimir Putin arrive at a joint press conference after a meeting in Helsinki, July 16, 2018.
Grigory Dukor | Reuters
Caliane said CNBC on Thursday that if the White House has the desire to use tariffs as a way to force Moscow to peace talks on Ukraine, “then it is a fallacy.”
“The size (trade) is very small, and even before the war, the United States was not a significant trading partner of Russia compared to places such as the European Union, Turkey, China or India.”
“Russia really needs some technological things from the United States, such as spare parts for Boeing (aircraft), for example. And besides titanium and titanium, Russia may offer the United States very little, which is not elastic, in other words that it cannot be purchased anywhere else. So I don’t think the tariffs may be.
The World Trade Organization on Wednesday warned that the forecast of the global trade “sharply deteriorated” as a result of the tariff regime on Trump.
Based on the duties currently acting, including a 90-day suspension of “mutual tariffs”, in 2025, the volume of world trade in goods will decrease by 0.2%, the WTO reports. It adds that global economic growth will lead to a direct blow from reducing global trade volumes.
Even if Russia is not a direct purpose, it certainly caused incidental damage from tariffs and a potential trade war, analysts agree, with a decrease in prices and demand for major world export deliveries of Russia, which place the main economic risk.
Russia is already operating with significant internal inflation – which reached the annual 10.3% in March – and the Central Bank of the country supported high interest rates in 21% recently, trying to try recently, seeking deal with pressure on prices under the guidance of war.
Customers Purchase for milk and dairy products in international hypermarkets AUCHAN Retail in Moscow, Russia.
Bloomberg | Bloomberg | Gets the image
“If the trade war pushes the world economy to the recession, and especially when the total trade decreases, it means that less goods crosses the globe, it will mean that the demand for oil is also decreasing when there is a recession and it hurts for Russia,” Koljander CNBC said.
“But Russia’s problems do not end in oil. With global instability and splash of inflation and, it is supposed to reduce oil revenues, the Central Bank of Russia will be difficult to start its basic rate. It will suppress the Russian non -war economy. Therefore, mostly about two thirds of the national economy should be borrowed.