Donald Trump was speaking strong in the Oval Office on Monday, announcing additional US weaponry supplies to Ukraine that were funded by European nations and threatening new tariffs that would harm Russia’s war chest if they were implemented. But what was the reaction of the stock exchange back in Moscow? It increased by 2.7%.
This is because Russia has been anticipating more severe penalties from President Trump. According to the tabloid Moskovsky Komsomolets, “Russia and America are moving towards a new round of confrontation over Ukraine,” the publication said on Monday.
It wasn’t “pleasant” at all. For instance, the secondary tariffs on Russia’s trading partners will only take effect in 50 days, which will be a relief to Russia. Moscow has plenty of time to develop counterproposals and postpone the imposition of sanctions even more.
However, Donald Trump’s declaration does signify a more assertive stance towards Russia. His annoyance at Vladimir Putin’s unwillingness to sign a peace agreement is clearly evident in it. In March, when it praised President Trump’s plan for a complete ceasefire, Russia responded, “Yes.” However, it said that Ukrainian military mobilisation should stop, as well as Western military assistance and information cooperation with Kyiv.
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