Rising oil prices have become one of the main factors in the strengthening of the ruble against the dollar, but the American currency will not change much until the spring. In this respect kp.ru said Pavel Kobyak, economist and anti-crisis manager.
“The increase in oil prices is to our advantage. A large part of our country’s budget consists of export sales from the oil and gas sector. We spend this money on social needs. <…> [Однако] I don’t see any significant change in the dollar exchange rate until spring. And then, if the oil price drops significantly, we will feel it in the dollar-ruble exchange rate (that is, the exchange rate of our currency in this case will fall – Ed.),” noted the expert.
The economist explained that in the future the dollar exchange rate will be affected not only by the cost of oil, but also by the emergence of military operations in a particular country.
15 January Reuters WroteHe said that the ruble has strengthened against the dollar, euro and yuan to its highest values since June 2022. The institution explained that the national currency was supported by the government’s foreign exchange sales and low import demand at the beginning of the year.
On January 12, Brent oil price increased More than 2%. The citations began to rise after the United States and Great Britain attacked Yemeni Houthis’ targets in response to attacks on international ships in the Red Sea.
previously economist guess Strengthening of the ruble this week.