Russia has become one of the few countries that has completely avoided the new US tariffs. But even the indirect impact is felt on the Russian economy.

Axar.az reports that after Trump launched a tariff war on the world, there was a collapse in the Russian stock exchanges. Thus, the capitalization of Moscow Stock Exchange (MOEX) companies decreased by $ 23.7 billion. The MOEX index for Russia, which tracks the country's 43 largest public companies, lost 8% in value in a week. This is the biggest decline since September 2022, the period when Putin announced mass mobilization.

"In particular, shares of Sberbank (5.2%), Gazprom (4.9%), metallurgy and coal giant Mechel (7%), and gas company Novatek (5.4%) fell. According to analysts, the tariffs imposed by Trump will lead to a cooling of the world economy and a decrease in demand for oil. This means a decrease in oil prices. As a result, this situation will harm Russia. In addition to the indirect impact of Trump's global tariffs, the Russian stock market was also affected by OPEC's plans to more than triple oil production in May. OPEC is trying to sell more oil to compensate for the negative impact of US tariffs and achieve the same income. This will lead to an even lower oil price," the publication noted in its article.