US and China's trade war may cut prices for Russian resources
The trade war between the United States and China can reduce the prices of Russian resources, Russian Economic Development Minister Maxim Oreshkin told reporters on Wednesday.
"It is clear that this whole story will have a negative impact on the demand for Russian products. This also applies to commodities, so this scenario, of course, will mean lower prices for key resources: oil, metals, coal - what is exported from Russia," said he.
In addition, there will be a deterrent effect on non-commodity exports from the Russian Federation due to weakened global demand.
Source
"It is clear that this whole story will have a negative impact on the demand for Russian products. This also applies to commodities, so this scenario, of course, will mean lower prices for key resources: oil, metals, coal - what is exported from Russia," said he.
In addition, there will be a deterrent effect on non-commodity exports from the Russian Federation due to weakened global demand.
Source