Russia rebuffs Trump’s claim of economic collapse
Russia rejected U.S. President Donald Trump’s warning that its economy was close to collapse, calling his assertions unfounded.
Trump’s claim of fuel shortages
During a Washington speech, Trump had said Russia was suffering from “long lines waiting for gasoline” and predicted its economy would collapse. In response, Deputy Prime Minister Alexander Novak said that domestic fuel supplies are stable and that the government maintains balance between production and consumption.
Russia acknowledges disruptions
Novak admitted that some regions had experienced gasoline shortages, partly due to Ukrainian drone strikes on refineries and reduced purchases by major Russian retailers, but stressed these disruptions are under control.
Economic outlook under sanctions
Although Russia projects its 2025 GDP growth at 1.0%, the International Monetary Fund forecasts a lower 0.6%. Despite Western sanctions, Russian officials maintain the slowdown is deliberate and that the economy has adapted.
Broader geopolitical tension
The clash over economic narratives reflects the ongoing tension between Russia and the West amid the war in Ukraine.
