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RUSSIA: Trump Reiterates Potential for "Massive" Tariffs for Russia

RUSSIA
  • US President Donald Trump reiterated that he will impose “massive” tariffs on Russia and “big” sanctions if it doesn’t settle the war in Ukraine, according to his interview on Fox News.
  • Gas production in Russia rose 7.4% to 708bcm in 2024 on the back of exports and stronger domestic demand, Kommersant report. Most independent producers reduced output throughout the year as they optimised oil production under the OPEC+ deal, but “analysts” cited by the newspaper expect gas production to fall in 2025 because of the loss of Ukrainian transit to Europe and a likely drop in domestic demand due to a warm winter.
  • There are no major data releases or speaker events scheduled for today.
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  • US President Donald Trump reiterated that he will impose “massive” tariffs on Russia and “big” sanctions if it doesn’t settle the war in Ukraine, according to his interview on Fox News.
  • Gas production in Russia rose 7.4% to 708bcm in 2024 on the back of exports and stronger domestic demand, Kommersant report. Most independent producers reduced output throughout the year as they optimised oil production under the OPEC+ deal, but “analysts” cited by the newspaper expect gas production to fall in 2025 because of the loss of Ukrainian transit to Europe and a likely drop in domestic demand due to a warm winter.
  • There are no major data releases or speaker events scheduled for today.