US EditionRussian Economy Nightmare as Putin Takes £5.5bn Trade Hit
- Russia's trade balance surplus dropped by 15.9% to £29.3 billion between January and April 2025 compared to 2024, hitting President Putin's economic outlook.
- This decline followed a total deficit expansion in primary and secondary income, with some reports noting export growth in early 2025 but an overall falling trade surplus.
- Data from the Bank of Russia shows that the foreign trade surplus rose to £13.8 billion by February 2025, while the services balance deficit narrowed by £822 million to £1.2 billion.
- President Trump expressed caution about increasing sanctions, suggesting that such actions could potentially lead to more negative consequences.
- Despite US caution, European leaders plan further measures, suggesting ongoing economic pressure that could deepen Russia's trade difficulties and affect market indices.
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11 Articles
11 Articles
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Center
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Coverage Details
Total News Sources11
Leaning Left0Leaning Right2Center1Last UpdatedBias Distribution67% Right
Bias Distribution
- 67% of the sources lean Right
67% Right
C 33%
R 67%
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