INSUBCONTINENT EXCLUSIVE:
A wave of global tariff hikes set in motion by the Trump administration has fueled fears of a worldwide recession and sent energy markets
This raises production costs and hurts factories, like those in Asia, and shipping companies.If the trade war escalates further, fewer goods
stand at $62 by December 2025 if the U.S
traded at a discount to Brent, to average $69.70 per barrel in 2025.Against the backdrop of trade war fears, the price of Russia's benchmark
estimates.Evgeny Razumny / Vedomosti / TASSWhile the oil prices rebounded as Trump paused some of his tariffs, the situation is not out of
the woods yet as trade negotiations between the U.S
and its trading partners, particularly China and the EU, remain fraught with uncertainty.With energy markets oversupplied and global demand
Pro Max with 256GB of storage, which retails for $1,199, could rise to $1,999 as a result of the tariff war, CNN reported, citing analysis
goods.Budget under strainEqually important, the lack of tax revenue will make it difficult to finance the budget.Russia ended last year with
a deficit of some 3.5 trillion rubles or $34.4 billion, and its readily available rainy-day fund has been depleted by over 50% since the
same period last year and larger than the planned deficit for all of 2025
Telegram channel MMI, 27.1% of the government's planned annual expenditure was spent in the first quarter of 2025, an "all-time high."Though
expenses surged in the first three months of 2024 as well, spending was more modest at that time and the situation with revenues was much
in Russia's economic growth.The Kremlin cannot bring inflation down to its target of 4%, but it has also been careful not to let inflation
Finance Ministry will have to significantly repay the fiscal impulse in the next nine months to keep the deficit within a relatively
flagged potential trade wars as a serious downside risk in its 2025-2027 economic forecast published last August.In a crisis scenario, the
