If the export of goods to Russia is prohibited, the ruble exchange rate may weaken by 2-4 units in the worst case. About this “Lente.ru” declaration Candidate of Economic Sciences, financial expert Vladimir Grigoriev.
“The future course of the ruble exchange rate will depend on oil prices and the G7’s decision. “If the export of goods to Russia is really banned, then at worst the ruble will fall by 2-4 units,” he said.
According to him, several factors negatively affect the ruble exchange rate. We are talking about the lack of confidence that oil prices will rise and the G7 plans to ban the supply of goods to Russia. If all these factors are confirmed, the economic situation in the country will worsen, as goods will become less accessible and more expensive.
He added that all this could take quite a long time, because a new formula for calculating oil revenues in May-June will work, which will be beneficial for the ruble and stabilize the exchange rate.
20 April Central Bank Governor Elvira Nabiullina statedThe Central Bank of Russia remains committed to the floating exchange rate of the ruble and finds it acceptable to intervene in the foreign exchange market only if there are threats to financial stability.