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

-0.51%

-1.07%

-1.69%

Dow Jones Industrial Average

DJI

48458.05

-0.51%

S&P 500 index

SPX

6827.41

-1.07%

NASDAQ

IXIC

23195.17

-1.69%

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

By Pierre Briancon

BERLIN, April 23 (Reuters Breakingviews) - 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.

Full view will be published shortly.

Follow @pierrebri on X

CONTEXT NEWS

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))

More This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.