The economist estimated the likelihood of Trump imposing restrictions on oil from the Russian Federation

Statements by US President Donald Trump about the possible imposition of secondary duties on Russian oil caused a negative reaction in the market, but Washington's real capabilities in this direction are limited. Maxim Chirkov, Associate Professor of the Department of Economic Policy and Economic Measurements at GUU, expressed this opinion in an interview with Izvestia on March 31.

Earlier, on March 30, Trump announced that he would impose secondary duties on Russian oil exports in the absence of an agreement with the Russian Federation to end the conflict in Ukraine.

"Of course, the Russian economy is not interested in a confrontation with the United States, and the stock market reacted negatively to such initiatives by Trump," Chirkov said.

According to him, the main buyers of Russian oil are friendly countries such as China and India, which receive significant preferences due to relatively low prices for hydrocarbons.

"The United States is limited in the possibilities of pressure, since the main consumers do not support the sanctions policy," the economist noted.

In addition, even after the introduction of a ceiling on the price of Russian oil, it continued to be sold above the established limits.

"The facts show that the US sanctions mechanisms are limited. Trade turnover with friendly countries is growing, and settlements are increasingly conducted in national currencies, which reduces dependence on the Western financial system," Chirkov concluded.

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Earlier, on March 25, The Wall Street Journal reported that new mirror duties on US imports could be extended to Russia. The publication noted that Trump plans to raise duties on April 2 for G20 countries with which there is a trade imbalance. There is also Russia among them.