Overview

• President Donald Trump on Tuesday said Russia’s economy “is going to collapse,” cited long gasoline lines, and urged Vladimir Putin to settle the war in Ukraine.
• Kremlin spokesman Dmitry Peskov said Russia’s economy has a “sufficient and considerable margin of safety” and added that Putin remains open to finding a way to end the conflict.
• Russia’s outlook has cooled, with the government projecting 1.0% GDP growth in 2025 as the IMF trims its forecast to 0.6% after stronger expansions in 2023 and 2024.
• Officials acknowledged localized fuel shortages linked to high interest rates and drone damage to refineries, while Deputy Prime Minister Alexander Novak said domestic gasoline supply is stable and deliveries are being prioritized to affected regions.
• Peskov rejected Trump’s characterization of BRICS as an attack on the dollar, saying the bloc targets no country or currency, and economic data show nominal GDP around $2.2 trillion, near 2013 levels.