The collapse of the Russian economy by 24 billion pounds from the Moscow market World news

The Russian economy faces a dramatic collapse, as it spent 23.7 billion pounds in Moscow markets in the wake of an unprecedented economic storm. Kyrylo shevchenko, the former governor of the National Bank in Ukraine, highlighted the size of the crisis, which he said was “” Russian companies “even though the country is exempt from Donald Trump’s tariff.

The Moscow exchange decreased by 8.5 % in just 48 hours, which represents the worst accident in 18 years. The sharp decline follows a series of devastating strikes on the Russian economy, including low oil prices, the escalation of global tensions, and the imposition of American tariffs. Oil prices fell alone by 15 % during the past four trading sessions, as Brent futures decreased to $ 63.97 a barrel.

For Russia, whose budget depends heavily on oil and gas revenues, this dramatic fall represents a overwhelming blow.

The price of Orals Oil, the main exports of Russia, sank to only $ 53 per barrel, much less than $ 69.70 per barrel expected in the 2025 budget.

“I caused Trump’s tariff and oil decline, and sales in Greater Russia decreased, despite the fact that the definitions do not apply even to Russia,” said Mr. Shevchenko, who was published on X.

“With raw and turquoise slide, the Kremlin may find more difficult markets than the management of war novels.”

The Kremlin’s efforts to protect the economy from external shocks fail, and consequences are affected immediately.

Oil and natural gas revenues constitute a third of the federal budget for Karmlin, and the sharp decline in prices threatens to remove military spending, which increased by 25 % this year to the highest levels since the Cold War.

As the economy is now low, Russia’s financial future is not certain with the government’s stampede to contain repercussions.

The case is that the stalled ruble, which, although it is slightly strengthened in recent months, is still weak in the face of low oil prices.

With the rise of the ruble, an additional stress adds to the revenues of oil export in Russia, which exacerbates the country’s financial shortage.

Former Russia Central Bank officials have warned that the long decline in oil prices can strongly affect budget revenues and forcing the government to review its financial view of 2025.

With Russia’s oil prices drop to its lowest levels since June 2023, the financial situation has become increasingly impressable.

Russia’s inflation is expected to exceed 4.5 % for 2025, as the Ministry of Economic Development plans to review its forecast by March to April.