Published by Global Banking & Finance Review®
Posted on July 14, 2025
2 min readLast updated: January 22, 2026
Add as preferred source on GoogleThe Russian rouble and stock market surged after Trump warned of severe tariffs on Russia, affecting currency and market dynamics.
MOSCOW (Reuters) -The Russian rouble reversed losses against the dollar and rose against China's yuan after U.S. President Donald Trump warned he would impose "very severe tariffs" on Russia if no deal on a peaceful settlement is made in 50 days.
As of 1605 GMT, the rouble was 0.2% weaker at 78.10 per U.S. dollar after hitting 78.75 during the day, according to LSEG data based on over-the-counter quotes. The rouble is up about 45% against the dollar since the start of the year.
Trump announced new weapons for Ukraine on Monday and threatened to hit buyers of Russian exports with sanctions, expressing frustration with Russian President Vladimir Putin due to the lack of progress in ending the war in Ukraine.
"Trump performed below market expectations," said analyst Artyom Nikolayev from Invest Era. "He gave 50 days during which the Russian leadership can come up with something and extend the negotiation track. Moreover, Trump likes to postpone and extend such deadlines."
Against the Chinese yuan, the most traded foreign currency in Russia, the rouble strengthened 0.8% to 10.87 after weakening by over 1% on Friday.
The Russian stock market rose 2.7% after Trump's statement, according to the Moscow Stock Exchange.
(Reporting by Gleb Bryanski; Editing by Richard Chang)
Trump warned he would impose 'very severe tariffs' on Russia if no deal is reached.
As of 1605 GMT, the rouble was 0.2% weaker at 78.10 per U.S. dollar after hitting 78.75 during the day.
The Russian stock market rose 2.7% following Trump's statement, according to the Moscow Stock Exchange.
Analyst Artyom Nikolayev from Invest Era stated that 'Trump performed below market expectations' and provided a 50-day window for Russian leadership to respond.
The rouble strengthened 0.8% to 10.87 against the Chinese yuan after weakening by over 1% on Friday.
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