Investments from the National Wealth Fund (NWF) will support the ruble, due to which the dollar exchange rate may drop to 68 rubles. RBC writes about this, citing SberCIB data.
“Future investments from the NWF, by definition, will support the ruble. Since the assets of the National Welfare denominated in foreign currencies, for investments in infrastructure, the Ministry of Finance will need to exchange them for rubles, with the corresponding operations of the Central Bank to sell foreign currency on the domestic market,” SberCIB noted.
According to forecasts, in the most optimistic scenario, the premium for geopolitical risks in the ruble exchange rate will decrease significantly. In this case, the ruble will be able to strengthen to 68 per dollar.
Potential targets for SWF support are carbon-free technologies with low greenhouse gas emissions. The experts noted that these decisions are quite logical and linked to long-term goals.
However, in Russia the approach to carbon neutrality is slightly different than in the whole world. But such “non-green” tasks at first glance, such as, for example, reducing the cost of production, will make it easier to endure the global energy transition.
In early February, analysts from BCS Global Markets predicted that the dollar could rise in price to 103 rubles due to the possible introduction of anti-Russian sanctions against the backdrop of a tense situation with Ukraine.
bbabo.Net