Trump Challenges Russia: Major Economic Moves Shake Markets
Political tensions between the US and Russia have escalated, with President TRUMP signaling potential economic retaliation against nations purchasing Russian oil. A 100% tariff on such transactions could be imposed following a critical deadline this Thursday. This development adds to the existing volatility in global markets, including cryptocurrencies, which remain sensitive to geopolitical risks.
Trump's recent accusations against India for profiting from Russian oil sales underscore the widening economic front in this conflict. The cryptocurrency market, still recovering from the Iran-related turmoil, now faces fresh uncertainty as investors weigh the implications of these geopolitical maneuvers.