The ruble may gain strength in the months ahead, easing concerns about a rising dollar on the Moscow Stock Exchange, which climbed above 87 rubles for the first time since March 29, 2022. Economist and financial analyst Alexander Razuvaev, a member of the Supervisory Board of the Association of Financial Analysts and Risk Managers, commented on this in an interview on a national TV channel as recorded by credible financial news coverage [citation].
Razuvaev suggested that recent dynamics point to a weaker dollar trend rather than persistent pressure. He noted that the exchange rate hovered around the 84–85 ruble mark per dollar and projected a potential move toward 65 rubles per dollar within the year. His assessment stressed that investors should not be alarmed by short-term moves, as fundamentals may tilt the currency back toward more favorable levels [citation].
The economist argued that the overall macroeconomic outlook for the country is improving, a factor that could support a stronger ruble over time. He also mentioned that the Bank of Russia may lift the policy rate, a move that could indirectly reduce dollar strength in the near term and support ruble stability [citation].
PhD economist Mikhail Belyaev linked the dollar’s volatility to information flow and domestic political developments rather than to solid economic imbalances. He emphasized that there are no major drivers creating a lasting push for currency appreciation and that noise in the information space tends to pass quickly, leaving underlying fundamentals to reassert themselves [citation].