The volatility of the ruble exchange rate is a normal economic process that is not associated with sanctions and separation of enterprises. This was stated by the press secretary of Russian President Dmitry Peskov during a briefing.
“The ruble exchange rate, like many currencies, is indeed subject to volatility. There are periods when it declines, there are periods when it becomes stronger; this is a normal economic process,” Peskov said.
He also stated that the course of Western business is explained by sanctions, not the economic situation in Russia. According to him, exit conditions for Western companies are strictly regulated by a government commission. The Presidential press secretary emphasized that there will be no “free exit” from the Russian Federation for companies from unfriendly countries.
Western media had previously reported that foreign companies leaving Russia would have to agree on the cost of selling their assets in rubles. But according to Peskov, this has nothing to do with exchange rate volatility.
Last week analyst Antonov saidWe think the ruble is close to reversing the trend and will continue to grow.
Previously, the dollar exchange rate had fallen to 92 rubles. For the first time since August.