The sharp depreciation of the ruble against the US dollar has negative consequences for the Russian economy. This is due to the fact that the Russian Federation continues to purchase large quantities of products, machinery, advanced equipment from foreign countries. opens words of economist, financial analyst Mikhail Belyaev “Lenta.ru”.
According to him, the importation of foreign equipment and machinery has recently become a more expensive procedure due to the depreciation of the Russian currency against the world’s leading currency units, including the dollar and the euro. However, without the corresponding volume of imports of foreign products, the development of the Russian economy will be in jeopardy.
“High dollar and euro exchange rates and a weak ruble have a negative impact on the economy and drive up prices for consumers. The low exchange rate definitely helps exporters. They earn more, they pay more to the budget. But the budget is far from the whole economy, but only 20-30 percent. As a result, what exporters gain, importers lose,” Belyaev concluded.
April 17, analyst of the company “Golden Mint House” Dmitry Golubovsky recommendation Russians who plan to travel abroad for the foreseeable future should not sell foreign currency. On the other hand, the rest of the citizens are now in a better position to get rid of the US dollar and euro amid the strengthening of the world’s major currencies against the Russian ruble.