The Russian ruble is now at 85, is up against the euro. So, it is weak, the ruble has not been in four years. The moscow stock exchange today closed, because Russia is a public holiday for women's day. But already now experts say that the ruble is likely to weaken further.
" the rate of Inflation is going to be done more quickly than anticipated. It's not at all impossible that the inflation rate is back over 4% at the end of the year. In addition, it is becoming increasingly likely that interest rates will be raised, " says Jevegnij Kosjelev, chief analyst at Rosbank, into the National.
"It will be a bloodbath on Tuesday, when the stock exchanges open in the morning," says Sergey Drozdov, senior analyst of the investment group Finam, russia nyhetsbolaget said on Friday.
"the Ruble will fall even more on Tuesday, when the Russian stock market will open," says the economist Igor Nikolayev of the independent television station Dozjd.
this is a one hundred per cent dependent on oil prices. The ruble could be affected by declining oil prices were expected, but not that it would collapse so quickly. The majority of the Russian experts in favour of the independence of the media are in agreement that the crisis is deepening.
" It's very, very ill-equipped at the moment for the world economy to grow. In short, the price of oil being down to $ 25 a barrel. Then the rouble exchange rate to fall further, " says Anton Pokatovitj, senior analyst of financial group BKS, for the National.
it has been announced that the did not purchase any foreign currency in thirty days. The central bank, are buying otherwise it a regular basis in a foreign currency, for a certain portion of the revenues from oil and place it in foreign reserves.
at the same time you see the queues at the filling stations in St. Petersburg. Russia is expecting the people of that petrol are going to be more expensive.
Russia has still not recovered from its last recession in 2014-2015. It hit with full force after the annexation of Crimea in 2014, but it began really in the past. By 2016, Russia had a slight growth in the previous year and stood by that. In the year 2018, the growth rate of 2.5 per cent, in the year 2019, it fell to 1.3 per cent.
The company, which is suffering the most from the decline in oil prices in the Russian federation is in addition to the oil companies in metal industry. The huge aluminiumbolaget Rusals of the shares have gone down by eur 5.66 per cent.
at the same time to warn Russian deputy finance minister Alexey Vedev of the population to hoard the currency. To RIA Novosti, he says, is that the situation will soon stabilize. It is not clear that it is tried the people of russia think of him.
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