BREAKINGVIEWS-Russia’s tariff dodge is still a loss for Putin

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

By Pierre Briancon

- US President Donald Trump spared his counterpart in Moscow, Vladimir Putin, from duties. But the trade tensions crashed oil prices and weakened the dollar, both of which complicate Russia’s funding of the Ukraine war. Chinese goods dumping could also hit struggling businesses.

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The price of Urals crude oil, a benchmark for Russian-produced oil, was hovering around $61 per barrel on April 23, compared with almost $80 in mid-January.


(Editing by Liam Proud and Oliver Taslic)

((For previous columns by the author, Reuters customers can click on BRIANCON/
pierre.briancon@thomsonreuters.com))

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