The Kremlin on April 7 announced it is “closely monitoring” oil markets after the price of its key export grade, Urals crude, plunged towards the $50 mark.
Peskov attributed the price decline to “the US decision to introduce tariffs for most countries in the world.”
Urals crude fell to $52.76 per barrel at the Baltic port of Primorsk on Friday, according to Argus Media data cited by Bloomberg.
This is well below the $70 per barrel benchmark used for Russia’s 2025 budget planning.
With oil and gas revenues accounting for nearly 30% of budget proceeds in January-February, according to government data cited by Bloomberg, the price decline poses significant fiscal challenges.
**A price collapse could destabilize Russia’s federal budget, as military expenditures for the Ukraine conflict have driven government spending sharply upward in early 2025.**
**If price fall below the $50 mark, it would push Russia’s key oil export to its weakest level in nearly two years.**
ShortGuitar7207 on
So one small positive impact of Trump’s lunacy.
Dyn-O-mite_Rocketeer on
Trump’s unintentional genius: tank the global economy so Russia implodes. 447D chess move.
UniquesNotUseful on
“I wish we owned the US President.” The monkey’s paw curls.
Justme100001 on
The tariffs are a box of Pandora that will make Trump a genius, a fool, a mastermind or a puppet depending on your personal situation and the country you live in…
CRE178 on
Finally some good news.
Practical-Area49 on
I wonder if we will see him change is tune after Russia calls.
Electronic-Range-300 on
I don’t care how it happens, as long as putin swings from a lamp post. Soon
Benzoos on
Honestly, if tanking the global economy is what it takes to stop the russian invasion, then fuck it. (Yes i’m biased)
No_Resolve608 on
The trade world war launched by Trump accidentally hurt his dear ‘Russian daddy’.
watch-nerd on
Hilarious that Russia’s pet going full chaos mode comes back to bite Russia in the ass
lexvo1 on
I hope this low price stays at least for a year so Putler gets hurted badly.
sjeve108 on
So irony, Trump tariffs ending hurting Russia.
Laughter resounds.
pillowname on
He’s playing 104 Dimensional Chess, while we’re all playing Checkers, as you can see
Iamoggierock on
The only thing Trump has done to help Ukraine and he doesn’t even realise.
an-font-brox on
the country so fond of claiming collateral may finally see the day it’ll reap its own whirlwind.
LucyyJ26 on
Hell yeah brother
Stephenalzis on
It will drop much further.
Foxman_Noir on
Something something something silver linings.
RanDOOM-GuY on
“Friendly fire will not be tolerated!”
FonkyFruit on
Good.
kozak_ on
And this might be the real reason why trump reverses the tariffs
22 commenti
The Kremlin on April 7 announced it is “closely monitoring” oil markets after the price of its key export grade, Urals crude, plunged towards the $50 mark.
Peskov attributed the price decline to “the US decision to introduce tariffs for most countries in the world.”
Urals crude fell to $52.76 per barrel at the Baltic port of Primorsk on Friday, according to Argus Media data cited by Bloomberg.
This is well below the $70 per barrel benchmark used for Russia’s 2025 budget planning.
With oil and gas revenues accounting for nearly 30% of budget proceeds in January-February, according to government data cited by Bloomberg, the price decline poses significant fiscal challenges.
**A price collapse could destabilize Russia’s federal budget, as military expenditures for the Ukraine conflict have driven government spending sharply upward in early 2025.**
**If price fall below the $50 mark, it would push Russia’s key oil export to its weakest level in nearly two years.**
So one small positive impact of Trump’s lunacy.
Trump’s unintentional genius: tank the global economy so Russia implodes. 447D chess move.
“I wish we owned the US President.” The monkey’s paw curls.
The tariffs are a box of Pandora that will make Trump a genius, a fool, a mastermind or a puppet depending on your personal situation and the country you live in…
Finally some good news.
I wonder if we will see him change is tune after Russia calls.
I don’t care how it happens, as long as putin swings from a lamp post. Soon
Honestly, if tanking the global economy is what it takes to stop the russian invasion, then fuck it. (Yes i’m biased)
The trade world war launched by Trump accidentally hurt his dear ‘Russian daddy’.
Hilarious that Russia’s pet going full chaos mode comes back to bite Russia in the ass
I hope this low price stays at least for a year so Putler gets hurted badly.
So irony, Trump tariffs ending hurting Russia.
Laughter resounds.
He’s playing 104 Dimensional Chess, while we’re all playing Checkers, as you can see
The only thing Trump has done to help Ukraine and he doesn’t even realise.
the country so fond of claiming collateral may finally see the day it’ll reap its own whirlwind.
Hell yeah brother
It will drop much further.
Something something something silver linings.
“Friendly fire will not be tolerated!”
Good.
And this might be the real reason why trump reverses the tariffs