A slump in Russian stocks adds turbulence to an economy already suffering from sanctions imposed due to Vladimir Putin's invasion.

The U.S. already imposes heavy sanctions on Russia but still did approximately $3.5 billion in trade last year

Global reciprocal tariffs announced today by US President Donald Trump have excluded a number of sanctioned countries. Among them are Russia and North Korea, according to The New York Times. A White House representative told the American newspaper on the condition of anonymity that the reciprocal tariffs presented by Trump do not apply to Belarus,

The White House did not include adversarial nations like Russia, North Korea, Cuba, and Belarus in the new “Liberation Day” tariffs, a decision which Trump administration officials defended. An unnamed White House official told The Hill on Thursday that those nations “are not subject to the Reciprocal Tariff Executive Order because they are already facing extremely high tariffs,

Trump promised tariffs that would mirror what other nations assess. In fact, the calculation is quite different.

Russia and North Korea were excluded from Trump's tariff list as neither country engages in meaningful trade relations with the United States.

The Trump administration says sanctions imposed on Moscow mean the U.S. does little trade with Russia, but questions persist about the motivations.

Nations 'already facing extremely high tariffs and our previously imposed sanctions preclude any meaningful trade with these countries,' says official - Anadolu Ajansı

President Donald Trump on Wednesday unveiled sweeping global tariffs of at least 10% on goods imported from most U.S. trading partners.