The Russian economy, mainly insulated from Western markets by sanctions, has escaped immediate damage from sweeping U.S. tariffs but the Kremlin said on Friday it needs to take extra measures to minimise the impact of resulting market turbulence.

The collapse in oil prices, triggered by the U.S. tariff war, has had a devastating impact on the oil industry and, as a result, on Russia’s financial system. The Russian Ministry of Finance is once again forced to dip into the National Wealth Fund (NWF).

Trump promised tariffs that would mirror what other nations assess. In fact, the calculation is quite different.

The Trump administration says sanctions imposed on Moscow mean the U.S. does little trade with Russia, but questions persist about the motivations.

A new bipartisan bill in U.S. could slap heavy costs on Vladimir Putin's war machine and hand Donald Trump extra leverage for the peace negotiations.

The U.S. already imposes heavy sanctions on Russia but still did approximately $3.5 billion in trade last year

President Trump's sweeping new set of tariffs impact friends and foe alike, but also on the list are uninhabited islands while glaring omissions include Russia and Iran.

One country that did not feature on Donald Trump's list of tariffs on US trade partners was Russia.US outlet Axios quoted White House Press Secretary Karoline Leavitt as saying this was because existing US sanctions on Russia "preclude any meaningful trade" and noting that Cuba,

This news summary highlights global developments, including changing narratives on Gaza killings, missile strikes in Ukraine, tariff tensions involving US, India, and the EU, anti-Trump protests, and Pope Francis's post-hospital appearance.