Donald Trump gave a huge gift to Vladimir Putin, and may have saved the Russian government
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A report on Russian state media shows that Donald Trump has already delivered not just a gift to Vladimir Putin, but possibly the gift that Putin has wanted all along. In a conversation on RT, the two hosts note that to implement all the domestic programsDonald Trump gave a huge gift to Vladimir Putin, and may have saved the Russian government
A report on Russian state media shows that Donald Trump has already delivered not just a gift to Vladimir Putin, but possibly the gift that Putin has wanted all along. In a conversation on RT, the two hosts note that to implement all the domestic programs Putin has promised for Russia, the cost will be 8 trillion rubles ($127 billion). But, where, the host questions, is Russia to get such a huge amount when the government has long been strapped for cash? Female host says: «Looks like we found it. Trump is withdrawing US from the Iran nuclear deal. Oil prices should go up, which is good for us.» Crude oil futures have leapt from $26 at the time of Trump’s election to $77 today. Back in January, Trump actually certified that Iran was in compliance with the nuclear agreement. However, Trump threatened to end the agreement if it wasn’t expanded to include items unrelated to Iran’s nuclear program and “strengthened” in unspecified ways. Trump increased his warnings that he would end the deal in February, and by March was engaged in talks with European allies—talks at which allies consistently urged Trump to remain in the deal and Trump consistently announced his intention to walk away. As the talks wore on, and Trump’s intransigence became clear, fears of a destabilized Middle East began to shore up oil prices. Russian oil production hovers around 10 million barrels a day. That means the increase that has already happened in oil prices is providing Putin with an extra $520 million a day. If the prices were to continue at the level generated by Trump’s actions for a year, Putin could meet all his promises to Russia—and have $60 billion to spare—just out of the net increase. Everything else that Trump has or hasn’t done about Russia, any sanctions, any tariffs, any expelled diplomats, absolutely pales in comparison to the huge boost he provided to the Russian economy by backing away from the Iran nuclear deal. In fact, short of actually starting a shooting war in the region, it’s difficult to find anything else that Trump might have done of more benefit to Putin. It’s certainly difficult to think of anything Trump might have done to generate a more certain boost for Russia. Which raises the question: Was this the deal all along? Read more

