Illya Gerasymchuk
Entrepreneur / Engineer
a reminder that Russia doesn't trade with USA anymore 🇺🇸🤝🇷🇺
so it's not clear what 100% or 9999% tariffs on Russia will achieve
Russia's been offloading US securities for gold since 2018
Russia's exports to the US are less than 1% of the total
🇷🇺 Russia is immune to US tariffs
Russia's international reserves are as follows:
- 0.007% US Treasury bonds
- 35% Gold
Russia exports <1% to the US. Russia is a net exporter
This makes them protected from US sovereign risk (USD devaluation) & trade risk
