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Having collapsed in early October (to 102 per dollar), the ruble has now strengthened against the dollar by more than 13 units, but this has exhausted the potential for further growth. Financial analysts come to this conclusion, reports PolitNavigator correspondent. Thus, Candidate of Economic Sciences Mikhail Belyaev notes that money is only a derivative of the national economy, its successes or, on the contrary,...
Currently, the planet is at the beginning of the path to large-scale de-dollarization of economies. Russian Foreign Minister Sergei Lavrov stated this today during an embassy round table on resolving the situation around Ukraine, a PolitNavigator correspondent reports. “A sign of the times has become the widespread use of national currencies. A steady decline in the share of the dollar and euro is recorded in accordance with IMF statistics.…
A decree on the mandatory sale of proceeds in foreign currency received under foreign trade contracts was signed yesterday by Russian President Vladimir Putin. The decree will affect 43 exporting companies in the fuel and energy sector, metallurgy, chemical industry and timber industry. The government will introduce supervisors from Rosfinmonitoring to their boards, a PolitNavigator correspondent reports. The measures are introduced for six months. They are obviously related to the sharp depreciation of the ruble in recent months,...
The currently observed strengthening of the Russian ruble after several days of decline may not last long. A PolitNavigator correspondent reports this, according to Vladislav Antonov, a financial analyst at BitRiver. “At the main current trading session, the dollar exchange rate is trading at 92-93 rubles. The ruble has already strengthened against the dollar by more than 8%. True, after a long previous period of dollar strengthening (by 103% per...
The increase in the lending rate by the Central Bank of Russia to 12% only slightly affected the ruble/dollar exchange rate. Western media predicted that at today's meeting with Russian President Vladimir Putin the issue of introducing mandatory sales of foreign currency earnings for exporters would be raised, but this topic was not even mentioned at the open part of the meeting, a PolitNavigator correspondent reports. Head of the Central Bank of the Russian Federation Elvira...
The dollar on the Moscow Exchange today was worth more than 101 rubles, and the euro – 110 rubles. Economists predict inevitable inflation. Professor of the Higher School of Economics Evgeny Kogan estimates it at 1% by the end of August, which will lead to destabilization of the Russian economy, a PolitNavigator correspondent reports. “By the end of August we could already see growth of 1% or more. Secondly, a weak ruble reduces...
The fall in the ruble exchange rate may be associated with the struggle for the post of Prime Minister of the Russian Federation. Nikita Krichevsky, Doctor of Economic Sciences, stated this in an interview with RTVI TV channel, a PolitNavigator correspondent reports. “In my opinion, in recent months, in the highest authorities, in the upper layers of the atmosphere, the intraspecific inter-clan struggle has become extremely intensified, aimed at the fact that the cabinet of ministers will be in the next...
The current devaluation of the ruble is a direct consequence of the policy of the Central Bank of the Russian Federation to terminate the mandatory sale of foreign currency earnings by exporters. The Minister for Integration and Macroeconomics of the Eurasian Economic Commission, Sergei Glazyev, stated this in an interview with the Tsargrad TV channel, a PolitNavigator correspondent reports. “Last year turned out to be a record year in terms of capital exports. It amounted to 240 billion dollars and almost completely ate up the positive...
Russians should not yet worry about the recent weakening of the ruble. The PolitNavigator correspondent reports this, said the general director of the Analytical Credit Rating Agency (ACRA), accredited with the Central Bank of the Russian Federation, former deputy chairman of the Central Bank, Mikhail Sukhov, answering the question about the reason for the strengthening of Western currencies against the ruble (on Thursday the euro jumped to 102 rubles, dollar -...
The fall in the ruble exchange rate has been observed all week in Russia. This morning on the stock exchange, the euro surpassed the mark of 102 rubles, and the dollar reached almost 94 rubles. First Deputy Chairman of the Central Bank Ksenia Yudaeva, commenting on the situation, said that the fall in the exchange rate does not pose a threat to the Russian economy, a PolitNavigator correspondent reports. “The country is receiving less export earnings, and the current account balance is shrinking. Less...
89% of mutual settlements within the Eurasian Economic Union (EAEU) took place in national currencies in the first quarter of 2023. Deputy Chairman of the Government Alexey Overchuk stated this today in the State Duma of the Russian Federation, a PolitNavigator correspondent reports. “The use of traditional reserve currencies as a weapon against our economy has demonstrated how important it is to have our own independent financial system based on...
Few details are known about the visit of the head of the Russian Central Bank, Elvira Nabiullina, to Minsk. She met with Lukashenko at his residence; her Minsk colleague Pavel Kallaur was also present at the meeting. They discussed working under sanctions, reserve currencies, the future of the digital ruble and the feasibility of introducing a common currency. Of course, Lukashenko immediately stated that the introduction of a single currency with Russia is...
The whole world is rapidly abandoning the dollar and moving to payments in national currencies, but Russia in this race, despite its confrontation with the West, remains among the laggards. Russian economist Mikhail Khazin said this on air on the Komsomolskaya Pravda radio, a PolitNavigator correspondent reports. “The “AUKUS” concept, which the American authorities are already promoting, is the creation of a dollar currency zone.…
After the evacuation of the Russian authorities from Kherson, the trans-Ukrainian element became more active in the city and nearby settlements, and began to demonstrate the expectation of the imminent return of the Ukrainian army - in the field of trade, this resulted in the refusal of a number of commercial outlets to accept Russian rubles, or the establishment of an extremely unfavorable exchange rate. It was possible to find justice for local Banderaites only through the efforts of the public. Voenkor...
