Trump tariffs tank Russian oil prices amid ‘global economic storm’ & US lift sanctions for Russian special envoy

Apr 7, 2025

John W. Boerstler, Executive Vice President at IPSOS and former Chief Veterans Experience Officer, shares insights into the drastic fall in oil prices affecting the Russian economy. He discusses the intricate role of Kirill Dmitriev, a key Russian envoy, in international relations. Boerstler reflects on establishing Ukraine's Ministry of Veterans Affairs, emphasizing the need for veteran support amid conflict. The conversation also explores the shifting American perspectives on NATO and the significance of ongoing support for Ukraine's reconstruction efforts.

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INSIGHT

Oil Price Crash and Russia

Donald Trump's tariffs caused a stock market collapse and a dramatic drop in oil prices.
This impacts Russia significantly, as oil revenue constitutes a large portion of their federal budget.

INSIGHT

Ceasefire Negotiations

Russia claims to be interested in a ceasefire but says they await answers to key questions.
The US appears impatient but hasn't exerted direct pressure for a ceasefire yet.

ANECDOTE

Dmitriev's US Visit

Kirill Dmitriev, Putin's special envoy, recently visited the US to discuss the war in Ukraine.
Dmitriev's background in finance, rather than diplomacy, mirrors Trump's envoy, Steve Wyckoff.

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