‘Extremely turbulent’: Russia ‘monitoring situation intently’ as oil prices fall after Trump’s tariff

Russia on Monday mentioned that the worldwide oil market is experiencing vital volatility following the United States’ implementation of “Liberation Day” tariffs on quite a few international locations.
Trading knowledge reveals that on London’s ICE, Brent crude oil futures contracts for June 2025 supply fell under $63 per barrel at 10.08 am Moscow time (7.08 am GMT), marking the bottom stage since April 12, 2021.
During a briefing, Kremlin Spokesman Dmitry Peskov mentioned, “This indicator is very important for replenishment of our budget. We are monitoring closely the situation, which is currently extremely turbulent, tense and emotionally charged. This is related to the US’ decision to impose tariffs on the majority of countries of the world.”
Peskov assured that Russian authorities are implementing measures to guard the nationwide economic system from international market fluctuations.
On April 2, US President Donald Trump introduced tariffs affecting 185 international locations and territories, although Russia was not topic to new restrictions.
When questioned, press secretary Karoline Leavitt defined to Axios that Russia’s omission was on account of current US sanctions that “preclude any meaningful trade.”
The US administration launched common tariffs of 10% on April 5, with particular tariffs scheduled for April 9. Additionally, a 25% customs responsibility was imposed on all imported automobiles from April 3. Trump additionally declared a nationwide financial emergency.