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Trump cripples Russia's economy: Oil prices plunge amid US moves

Trump cripples Russia's economy: Oil prices plunge amid US moves Photo: Donald Trump, President of the United States (Getty Images)

US President Donald Trump is crippling Russia. His actions have caused a sharp drop in oil prices, said political strategist Taras Zahorodnii in a comment to RBC-Ukraine's YouTube channel.

The expert notes that Washington has a desire to save Russia and follow its own policy.

"Because their main motivation is confrontation with China. But ultimately, I think they’re reaching the conclusion that there's no point in talking to the Russians at all. That Russia now has to be divided with the Chinese, there’s no other way," Zahorodnii said.

He noted that Trump is "systematically working to dismantle Russia." He’s defending his own interests and provoking an economic crisis that automatically leads to a drop in oil prices.

"He can’t save Russia and simultaneously restart his own economy. He’s destroying it. Biden didn’t destroy Russia, but Trump is doing it systematically. That's why there is such a rush to sign something. But we’re also disappointed in many things," Zahorodnii added.

According to him, Trump is not acting chaotically - there is a clear logic and strategy in his foreign policy.

Trump tariffs

US President Donald Trump recently imposed additional tariffs on more than 180 countries.

In response, China decided to hit back using the same tactics. Amid this trade war, oil prices began to drop sharply.

Another reason for the drop in oil prices was the OPEC+ decision to significantly ramp up oil production. More details on how this could impact the war in Ukraine can be found in the material by RBC-Ukraine.