Tim Mak<p><a href="https://journa.host/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a>’s <a href="https://journa.host/tags/tariff" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariff</span></a> war has driven down <a href="https://journa.host/tags/oil" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>oil</span></a> prices, hitting Russia’s economy.</p><p>With a 1/3 of its budget from oil and gas, revenues may drop 2.5% in 2025 if trends persist. The <a href="https://journa.host/tags/Kremlin" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Kremlin</span></a> spokesman said the situation was "tense", in an uncharacteristic admission of economic uncertainty.</p><p><a href="https://www.ft.com/content/44b5046f-f916-4c13-af06-805c9373d5e8" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">ft.com/content/44b5046f-f916-4</span><span class="invisible">c13-af06-805c9373d5e8</span></a></p>